Bank of Israel union requests labor dispute

Staff will be able to go on strike two weeks after the dispute is declared.

The Bank of Israel could face disruption through strike action within one month, after workers’ committee chairman Rimona Lebowitz last night asked Histadrut bank and insurance workers division secretary Tzion Shema to declare a labor dispute. Under Histadrut regulations, employees can begin strike action two weeks after a dispute is declared.

Shema, Lebowitz, and Minister of Finance director of wages Eli Cohen failed again to reach a compromise on the drafting of a new labor contract at the bank. Finance Ministry officials attending yesterday’s meeting made it clear to Bank of Israel representatives that they opposed the payment of NIS 2 million in severance pay on retirement to each employee, and the granting of two pension pay grades to all Bank of Israel staff.

Published by Globes [online], Israel business news - - on October 17, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

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