The layoffs are part of website developer Daronet's recovery plan, following millions of shekels in losses in 2012 and the failure to repay loans to Bank Leumi.
Dynamic website developer Daronet Internet Solutions Ltd. will fire 30 more employees on top of the 25 employees fired in June as part of streamlining measures.
The layoffs are part of Daronet's recovery plan, following millions of shekels in losses in 2012 and the failure to repay loans to Bank Leumi (TASE: LUMI). In June, the company obtained a NIS 2 million. Under the recovery plan, the activity of Daronet Internet Solutions will be transferred to a new company, Daronet Technologies, which will employ 70 people, including at a support center in Elad.
Published by Globes [online], Israel business news - www.globes-online.com - on November 19, 2013
© Copyright of Globes Publisher Itonut (1983) Ltd. 2013