Teva layoffs

Warren Buffett wagers big on Teva, and on Israel

The purchase initially sent share prices soaring by 12 percent.

Warren Buffett, chairman and CEO of Berkshire Hathaway
Teva Pharmaceutical Industries building in Jerusalem.

Beit Berl College to re-train former Teva workers as chemistry teachers

People protest outside a Teva Pharmaceutical Industries facility in Jerusalem on December 14

Teva delays 33% of Jerusalem layoffs until 2019

People protest outside a Teva Pharmaceutical Industries facility in Jerusalem on December 14

This week in Jerusalem: Life after Teva


Middle Israel: Wanted, Capitalism with a human face

The 30-year journey from mass layoffs at socialist behemoth Koor to mass layoffs at capitalist flagship Teva is part of a global need for a new economic idea.

WORKERS OF Teva Pharmaceutical Industries stand at the entrance to their facility in Ashdod earlier this week.

Jerusalem's Teva turmoil

There are some 1,780 Jerusalemites employed at the city’s two branches of Teva, which for decades has been one of the country’s greatest industrial success stories.

Some 1,780 Jerusalemites are employed at the city’s two branches of Teva

Economy minister: Teva should earn its tax breaks

Teva has received some NIS 22 billion in tax breaks and grants over the past decade, without any conditions regarding layoffs in return.

Some 1,780 Jerusalemites are employed at the city’s two branches of Teva

Teva CEO rejects Netanyahu plea to minimize layoffs, avoid closing Jerusalem plant

Outside the meeting, thousands of soon-to-be laid-off Teva employees demonstrated with their families.

Teva CEO KAre Schultz and ISraeli Prime Minister Benjamin Netanyahu

Teva’s lessons

Teva’s fall is tragic. But we should not learn the wrong lessons.

Teva Pharmaceutical Industries workers block a road during a demonstration near the facility in Neot Hovav, southern Israel December 17, 2017

Is Teva’s downfall pharma’s Lavi moment?

If done right, Israel could turn the Teva crisis from a misfortune into an opportunity.

Teva Pharmaceutical Industries workers block a road during a demonstration near the facility in Neot Hovav, southern Israel December 17, 2017

Netanyahu thanks United States for 'defending Israel's truth'

Prime Minister Benjamin Netanyahu said that American Vice President Pence is “a great friend of Israel and a great friend of Jerusalem.”

Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting at the Prime Minister's office in Jerusalem.

Nation girds for general strike today in protest of Teva layoffs

Morning flights halted at Ben-Gurion, public transit to operate as usual.

People protest outside the Teva Pharmaceutical Industries plant in Jerusalem December 14, 2017.

Politicians can decry Teva layoffs, but why did they give billions in tax breaks?

Teva has benefited from an estimated NIS 22 billion ($6.2b.) in tax breaks and subsidies from 2006 until today.

People protest outside the Teva Pharmaceutical Industries plant in Jerusalem December 14, 2017.

Teva Pharmaceuticals to lay off 14,000 employees worldwide, 1,750 in Israel

Teva's shares rallied on Thursday in response to the proposed cutbacks, rising more than 15% in one day on the Tel Aviv stock exchange, as of 4pm Israel time.

An Israeli flag flutters near the logo of Teva Tech which is part of Teva Pharmaceutical Industries in Neot Hovav, southern Israel December 14, 2017.

PM to Teva boss: Minimize damage to workers, especially in periphery

Prime Minister Benjamin Netanyahu called Teva's CEO Kare Schultz on Thursday.

A Teva Pharmaceutical Industries building in Jerusalem