Teva considering cutting up to 10,000 jobs: Report

The logo of Teva Pharmaceutical Industries, the world's biggest generic drugmaker and Israel's largest company, is seen in Jerusalem February 8, 2017 , Reuters/Ronen Zvulun

Akankshita Mukhopadhyay, Reuters

Dec 8, 2017

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Teva Pharmaceutical Industries Ltd (TEVA.N), the world's largest maker of generic drugs, is considering cutting up to 10,000 jobs, Bloomberg News reported on Friday.

Israel-based Teva wants to cut costs by US$1.5 billion to US$2 billion over the next two years, Bloomberg said, citing people with knowledge of the matter.