Teva Identifies Job Cuts in Pennsylvania as Part of Restructuring
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Teva Pharmaceutical Industries is planning more than 200 layoffs in 2018 at sites in Pennsylvania. The company reported the changes in a WARN (Worker Adjustment and Retraining Notification Act) filing with the Pennsylvania Department of Labor and Industry. A WARN notice is a federal requirement that provides notification of job reductions to various parties, including the appropriate unit of local government.

Teva’s WARN notice included the following: 65 layoffs at its sites in North Wales and Horsham, Pennsylvania; 47 layoffs at its site in West Chester, Pennsylvania; and 96 layoffs at its sites in Great Valley and Frazer, Pennsylvania. The reductions will be in effect from January 18, 2018 to December 31, 2018.

The notices follows a previously announced restructuring for the company. In December 2017, Teva announced a detailed two-year restructuring plan that includes a reduction of 25% of its workforce or 14,000 positions globally, closures or divestments of research and development (R&D) facilities and offices, and a $3-billion reduction in its annual costs. This followed an announcement by Teva in November 2017 of a new organizational structure and executive management team, which followed the appointment of a new president and chief executive officer (CEO), Kåre Schultz, who took over on November 1, 2017.

Source: Pennsylvania Department of Labor and Industry

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