Wednesday, February 11, 2009

Teva cut 1000

Teva will fire more than 1,000 employees from its companies in Croatia and the United States, both bought together with acquisitions carried out in recent years that made Israeli company the biggest manufacturer of generic drugs in the world. Pliva has been the weak link in the Barr Pharmaceuticals group that Teva Pharmaceutical Industries bought in December 2008. Now the limping Croatian drug company has begun to streamline as it integrates into the global group.

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