Teva spares 140 jobs at Jerusalem plant, for this year only

Teva spares 140 jobs at Jerusalem plant, for this year only

Labor efforts helped convince Teva to spare 140 jobs at a Jerusalem manufacturing plant this year, cutting only 200 instead of the 340 originally planned. But next year, the plant is slated to close.

Following two weeks of strikes, Teva workers in Israel have won a small victory through their efforts to save manufacturing jobs. Meanwhile, new CEO Kåre Schultz has gotten a lesson in the difficulties of making cuts in the company's home country.