Teva to jettison half its plants in multibillion-dollar cost-cutting drive | PharmaBoardroom
written on 12.06.2014
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Teva to jettison half its plants in multibillion-dollar cost-cutting drive

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Teva CFO Eyal Desheh says the generic giant was built in bits and pieces, picking up a bunch of manufacturing plants in the process that it no longer needs. So the company will close half of its manufacturing facilities over the next 5 years as part of its plan to get more focused and more efficient.

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