Dramatic statement by Teva executive: “Teva must decrease to 2003 size”

Israeli daily Globes has reported a statement by an executive of Teva’s: “We must decrease to the same size as 15 years ago”. Teva cannot make it if it maintains this structure, we need to restore our previous size” – the executive has said at a meeting called to discuss the R&D dismissal plan. The dismissals will start on February 14th in Teva Tech and Assia, the two important R&D centers in Israel. Reportedly, the employees who will leave the company willingly will be granted a good payment, equivalent to 4 monthly salaries.
(Source: Globes)