Shufersal to lay off 150

Shufersal branch credit: Shutterstock
Shufersal branch credit: Shutterstock

Shufersal said, "As part of the process of examining the needs of the company, it was decided to implement resource adjustments in the workforce situation."

Israel's biggest supermarket chain Shufersal Ltd. (TASE:SAE) under new owners Yossi and Shlomi Amir is streamlining. After 100 employees were summoned to hearing prior to dismissal earlier this month, a further 50 employees were invited to such hearings today.

"Globes" has learned that the latest 50 dismissals are in the data department, which has 250 employees. Some have been employed in employees' salaries, others in software development and some were outsourcing employees. Estimates are that today's dismissals will save the company millions of shekels.

Shufersal said, "As part of the process of examining the needs of the company, it was decided to implement resource adjustments in the workforce situation."

Since completing the acquisition of control of Shufersal and becoming co-CEOs at the start of April, the Amir brothers have been implementing a streamlining process, which includes cuts in the company's 15,500 employees. In addition to chairman Itzik Abercohen and CEO Ori Waterman many senior managers have left the company including five VPs as well as Shufersal Online CEO Oren Hod. The company has also dispended with the services of veteran publicist Rani Rahav.

Published by Globes, Israel business news - en.globes.co.il - on May 29, 2024.

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

Shufersal branch credit: Shutterstock
Shufersal branch credit: Shutterstock
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.

Next Insurance founders credit: Next Insurance Munich Re buys Israeli insurtech co Next at $2.6b valuation

Munich Re, an early investor in Next Insurance, is buying the 71% of the company, which serves small businesses in the US, that it does not already own.

Insurance companies  credit: Einat Levron, Eyal Izhar, Tamar Matsafi, Shlomi Yosef, Tali Bogdanovsky Two up, two down: Insurance co stocks diverge

They all reported strong results for 2024, yet while Menora Mivtachim and The Phoenix rose sharply, Migdal and Clal went the other way.

European Commission building, Brussels  credit: Shutterstock EU defense budget plan excludes Israel's arms industry

Under the current proposal, the €150 billion loan fund can be used only for procurement within Europe.

Wiz and Google  credit: Tali Bogdanovsky Could Wiz acquisition lead to a VAT cut?

The state's tax revenue from the deal is expected to be equivalent to about 2% in VAT.

Ryanair credit: Piote Mitelski, Ryanair Ryanair offering ultra-low fares for Israel restart

Tickets to some destinations start at $33 - but taking luggage can more than double that.

Nvidia CEO Jensen Huang credit: Shutterstock Israeli tech stars in Nvidia product launch

Two Israeli acquisitions, Mellanox and Deci, are behind key products presented by Nvidia CEO Jensen Huang at the company's annual event in San Jose.

Check Point offices credit: Shutterstock Check Point, Israel Canada buying NIS 800m Tel Aviv site

The two companies are expected to win a tender by the Tel Aviv Municipality for land zoned for residential and office construction in the Bitsaron neighborhood.

Itamar Ben-Gvir  credit: Noam Moskowitz, Knesset Spokesperson's Office Otzma Yehudit rejoins government

Itamar Ben-Gvir's party left the government in January in protest against the ceasefire in Gaza. The resumption of fighting has paved its way back.

Wiz founders Yinon Costica, Assaf Rappaport, Ami Luttwak, Roy Reznik credit: Avishag Shaar Yishuv Israel's biggest ever exit: Google buying Wiz for $32b

Google has confirmed that an agreement has been signed for an all-cash deal. Wiz will remain an independent company under Google.

Bezhalel Machlis  credit: Assaf Shilo/Israel Sun Elbit Systems CEO: Our potential in Europe is huge

Bezhalel Machlis was speaking at an investor conference after the company released 2024 results showing revenue up 14.3%.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018