Intel Israel employees to lose phone allowances

Intel Haifa development center credit: Shutterstock
Intel Haifa development center credit: Shutterstock

The phone expenses cut will apply to the 7,000 employees in Intel's development centers in Haifa, Petah Tikva and Jerusalem and not to the 4,000 employees in production plants.

The cuts at Intel continue and today Intel Israel employees have been told that after decades in which their mobile phone bills have been subsidized, the allowance will be halted for development employees, who will now need to pay their own bills. This follows Intel Israel's decision at the beginning of the month to stop providing company cars through leasing companies.

The phone expenses cut will apply to the 7,000 employees in Intel's development centers in Haifa, Petah Tikva and Jerusalem and not to the 4,000 employees in production plants.

As far as is known, Intel Israel production employees in Kiryat Gat will keep the phones that they received from Intel, which will continue to pay the monthly bills. This is probably because the use of phones is more critical for work at the production fabs. In addition, the cut is also not due to affect marketing staff and engineering staff in the field, who are in direct contact with customers, as well as data systems employees who provide direct support to employees. Some members of management at Intel Israel will be allowed to keep their phones and Intel will continue paying the bills.

Published by Globes, Israel business news - en.globes.co.il - on September 15, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Intel Haifa development center credit: Shutterstock
Intel Haifa development center credit: Shutterstock
Nakash brothers set to dissolve Israel partnership

Avi Nakash has fallen out with Joe and Rafi Nakash over his claims that former CEO Avi Hormaro stole rights in the Group's companies, which include Arkia, the Orchid hotel chain and Ampa.

Air Haifa  credit: ATR Paphos ban for Israeli airlines continues to May

Air Haifa has postponed the launch of its Haifa-Paphos route until May 1, signaling that the security ban on Israeli airlines using the Cypriot airport will continue in April.

ONE ZERO CEO Eyal Gafni credit: Cadya Levy One Zero CEO: Bank account abuse is easily solved

Eyal Gafni told the Globes "Going Long on Israel" Conference that with higher awareness the public can stop keeping their money in current accounts with zero returns.

Shekels credit: Shutterstock Vladerina32 Shekel rebounds on volatile forex market

Without a further trigger, such as an escalation on the security front or a further deterioration in political stability, there is no expectation in the market for foreign exchange turmoil.

Ishay Davidi credit: Cadya Levy FIMI CEO: Foreign investors flocking back to Israel

Ishay Davidi told the Globes "Going Long on Israel" Conference that investors who pulled out of Israel after October 7 have begun returning in large numbers.

Yali Rothenberg  credit: Cadya Levy Accountant General: No prospect of rating upgrade

Ministry of Finance Accountant General Yali Rothenberg sees 2025 as a stabilizing year for Israel's debt:GDP ratio.

Wix Credit: PR Wix employees gain $102m on options

The intrinsic value of options exercised by Wix employees in 2024 rose to $102 million from $19.5 million in 2023.

Tel Aviv Stock Exchange credit: Shutterstock Tel Aviv stocks: Rebound or long slide?

Statistics show a two-thirds chance of high returns after a steep one-day fall. Yields on Israel government bonds are rising sharply.

Attorney General Gali Baharav-Miara credit: Eyal Izhar AG slams gov't for seeking to be above the law

Attorney General Gali Baharav-Miara did not attend the cabinet meeting, which unanimously passed a no confidence vote in her.

Rooftop solar panels credit: Shutterstock New housing rooftop solar panel incentives unveiled

The new tracks being given a public hearing by Israel's Electricity Authority provide a more rapid return on the investment and address concerns about inflation.

Carrefour Israel branch credit: Bar Lavi Heavy debt pushes Carrefour Israel to continued losses

Despite improved sales, the supermarket chain reported a loss of NIS 113 million in 2024.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Netanya, Rishon Lezion, Tirat Carmel and Sderot.

Shekel v dollar  credit: Tali Bogdanovsky using Adobe Firefly Shekel, TASE slump amid political, security tensions

After the collapse of the ceasefire with Hamas and the revival of the judicial overhaul, the shekel is at its five-month weakest against the US dollar and the TASE is down over 3%.

Supervisor of Banks Daniel Hahiashvili   credit: Eyal Izhar, Shlomi Yosef  processing: Tali Bogdanovsky BoI moves to restrict developers' financing offers

Supervisor of Banks Daniel Hahiashvili sees growing risk in bank loans subsidizing new home purchases.

Mathios Rigas  credit: Eyal Izhar Energean confirms asset sale cancellation

CEO Mathios Rigas: Italy, Egypt and Croatia will remain core pillars of our operations.

Prime Minister Benjamin Netanyahu and Shin Bet head Ronen Bar  credit: Government Press Office/Kobi Gidon Histadrut chair: I won't sit quietly if gov't ignores court

Histadrut chairperson Arnon Bar-David has joined calls from Israel's business world for the government to respect the High Court of Justice ruling suspending the dismissal of Shin Bet chief Ronen Bar.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018