A logo is displayed on employees white factory overalls hanging on a rail at Teva Pharmaceutical Industries Ltd.’s new factory in Godollo, Hungary. (Photographer: Akos Stiller/Bloomberg)

Teva's CEO Shows He Means Business With Planned 25% Job Cuts

(Bloomberg) -- Teva Pharmaceutical Industries Ltd.’s new Chief Executive Officer Kare Schultz proved that when it comes to saving the struggling drugmaker, he’s ready to pull out all the stops.

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