Before the submission of the Sheshinski 2 bill to a vote of the Knesset Finance Committee, the Committee today decided that all the money obtained from Israel Chemicals (TASE: ICL: NYSE: ICL) as a result of the bill will be put into a fund for investment in employment in the Negev. The measure, considered an accomplishment for the opposition MKs on the Finance Committee, was led by MKs Micky Rosenthal and Shelly Yachimovich (Zionist Union) and Miki Zohar (Likud), the coalition coordinator on the Committee.
"You can see who on the Knesset Finance Committee cares about the outlying areas and the Negev," Rosenthal said. "We'll earmark the money from the Sheshinski bill, and invest it in employment in the Negev. In that way, we'll break Israel Chemicals' monopoly on employment in the south, and prevent the company from committing extortion against the decision-makers."
Zohar said, "I welcome the cooperation with members of the opposition on behalf of the residents of the Negev. This is an important step in narrowing the gaps in employment between the central region and the outlying areas."
Published by Globes [online], Israel business news - www.globes-online.com - on November 8, 2015
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