Teva to Slash Pharma Production in Czech Republic?

Generic drugs manufacturer Teva Pharmaceutical Industries reportedly will close one of its manufacturing plants in the Czech Republic by the end of this year. The company has yet to confirm the closure of the plant. About 1,700 people work for Teva in the Czech Republic. The plant closure could lead to about 400 layoffs, some reports say. Financial details have not been disclosed.   The apparent move follows an announcement by the company in February of this year that it will reduce by 790 its workforce at its Pliva subsidiary in Croatia. The cuts in Croatia...

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