Just last week, Merck announced it would cut 85-hundred jobs. Now, Israeli drug manufacturer, Teva, will eliminate five-thousand jobs. Teva’s U-S headquarters is located in Montgomery Township. Teva has nearly 7,000 U-S employees. The company has over 700 employees working in Montgomery Township. Teva announced in the spring that it would close its Bucks County facility in West Rockhill. The company will save 2-billion dollars by 2017 through the job cuts. It’s not known how many local employees will be impacted by the job cuts.