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Official Company Update - Bankruptcy

Discussion in 'Teva Neuroscience' started by anonymous, May 27, 2019 at 8:31 PM.

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  1. anonymous

    anonymous Guest

    I have only posted on this site a few times in order to alert others of internal decisions being made. I will assume I will be attacked this time, as I was the last time for posting inside intel. Personally, I don’t care, because this time it will be the last post I make as an employee of the company.

    I would highly encourage everyone with any remnant of brain function to get your resume out now! We will be unable to weather this current storm. The DOJ is moving rapidly, and we will lose in every State that has filed suit. We have only seem the tip of the iceberg and we will be filing bankruptcy. We also will not risk losing a 6 billion dollar whistleblower civil suit filed by two former employees. That suit will never be argued in front of a jury, despite the fact the court has ruled it to go forward.

    Don’t believe me? Get your calculator out!

    Whistleblower Suit $6 Billion
    DOJ Suit - $85 Million to Oklahoma - $85 Million x 50 States

    For those ready to attack me, please enlighten others how we will survive?
    Wake up people.
     

  2. anonymous

    anonymous Guest

    One correction regarding my post above: Not that it makes that much difference, but in the interest of accuracy.

    $85,000,000 x 43 States + Puerto Rico
     
  3. anonymous

    anonymous Guest

    And you forgot the $3 billion collusion and price fixing suit. Please add that into your formula.
     
  4. anonymous

    anonymous Guest

    And the $750M Civil Rights suit by the NAACP, ACLU, and current employees
     
  5. anonymous

    anonymous Guest

    These numbers are certainly daunting ($85 million to Oklahoma alone) and it is definitely on everyone's mind here at Teva to think that there are still so many states that Teva has yet to settle with on this opioid issue.
    If the financial blogs are right and these settlements continue, not to mention the current $20+ billion debt load we are currently carrying and the potential down the road for huge "generic price fixing fines", how in the world can our once great company survive? I guess the real question boils down to what happens to the employees in a bankruptcy situation? Is there some sort of insurance policy or protection for solvency, i.e. severance?
    Has anyone ever been through something like this before? (this serious question is probably setting up some smart ass answers). Maybe someone will have the decency to provide a factual response based on a similar situation you have faced. Thank you for providing serious input.
     
  6. anonymous

    anonymous Guest

    https://www.citybarjusticecenter.or...kruptcy-Basics-A-Guide-for-Employees_2016.pdf
     
  7. anonymous

    anonymous Guest

    Bankruptcy will probably not allow for any severance payments for employees. How can any company expect us to stay on knowing that all their corruption and unethical business practices have destroyed most hopes of any severance protections if or when the walls come crumbling down around us? Micromangement has increased while having to do much more with much less.

    High stress, metric management (antiquated at best) and now being asked to keep focused when there is probably no safety net when they are done with us and start cutting. No thanks. I am already interviewing and we all need to be looking to move on.
     
  8. anonymous

    anonymous Guest

    Is there any insurance that covers settlements?
     
  9. anonymous

    anonymous Guest

    Or does settlements come out of profits?
     
  10. anonymous

    anonymous Guest

    There is no way Teva can survive this. The reality definitely hurts, and it’s sad to see such a great Company dissolve. There is no “insurance” to resolve these liabilities. The company will most likely File Chapter 7 which eliminates any payments to creditors...ie employees, litigants, etc.

    In all sincerity, you need to get your resumes out, and begin a job search immediately. It only takes a calculator to come to the inevitable conclusion.

    Again Teva cannot survive this. The DOJ is leading a charge, and with the Election Cycle where it is we will be shown no mercy. Please get your job hunt started.
     
  11. anonymous

    anonymous Guest

    teva has never reached the status of great, not even good, sheer luck one time with copaxone, this place is a giant piece of shit that leaves a stink all over the world

    but our dumbass manager still screams and intimidates all of us with his only care being calls per day and our calendar
     
  12. anonymous

    anonymous Guest

    "Calls per day"? Calendar activity? Sounds like you might work for the Teva Specialty Division. I guess that's what you signed up for when your targets are all Primary Care. Are you in Atlanta?
     
  13. anonymous

    anonymous Guest

    And this just in...
    Lick my ballz chickenshit ho mo janitor half breed
     
  14. anonymous

    anonymous Guest

    It has begun. Teva will not survive this. At least those recently eliminated will get a severance, but you won’t. Get you resumes out. NOW!!!

    Don’t put your head in the sand.
     
  15. anonymous

    anonymous Guest

    Everyone clearly knows about the problems created by this fake tough guy in Georgia in psych. Age discrimination, hostile work environment, and constant intimidation just to name a few. How does our director not look into it when nearly half the team has called about the issues?
     
  16. anonymous

    anonymous Guest

    Go away Troll. TC is untouchable, just ask him. And you just need to retire old man!
     
  17. anonymous

    anonymous Guest

    You mean ol' Dandy Donnie?! That guy taught me all I know about sales! And what I didn't learn from him I picked up through Roller Disco!
     
  18. anonymous

    anonymous Guest

    No, I mean the pasty old "throwback detail man" that thinks he's god's gift to pharma sales and couldn't get a script outside the territory he's been covering since the early 70's.
     
  19. anonymous

    anonymous Guest

    Because the people from the team calling about “issues” are people that have already been identified as low performers and questionable hires.