Teva Delays Planned Layoffs After Two-Week Strike

Jan 02, 2018

Teva and the workers from its Jerusalem factory have signed an agreement that will keep the facility running until 2019, ending a two-week long labor dispute. Per the agreement, laid-off workers will now be receiving additional training and counseling.

Now the initial layoffs planned for Q1 2018 will be reduced by 140 workers.

Plans have been started for an "optimal and fair retirement framework" for laid-off employees,” according to a joint statement. The framework includes packages to help workers transition to an alternative workplace and counseling, workshops and professional training.

Read The Times of Israel report