Israel’s trade union federation Histadrut has called for a nationwide general strike on Sunday to protest planned massive layoffs at Teva Pharmaceutical Industries, the world’s largest generic drug producer and Israel’s largest company.
The strike will hit airports, ports, banks and government offices across the country, which are set to remain closed until noon.
On Thursday, Teva announced plans to layoff 14,000 employees around the world over the next two years, although unions fear the company’s Israeli workers will bear the brunt.
The job losses come as the company announced a restructuring to cope with nearly $US35 billion in debt after acquiring Allergan’s generics business for $US40.5 billion in 2015.
Based in Petah Tikva, 10km e…
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