Israeli employers will be entitled to Finance Ministry grants for bringing employees back from unpaid leave, as part of the plan to reduce unemployment.
The coronavirus crisis was the final nail in the coffin of the struggling company and also meant that the factory's 300 employees lost their jobs without being able to put up a fight.
With credit card transactions down, Max, formerly Leumi Card is also cutting salaries of management and the board of directors by 10% until the end of the year.
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Israeli credit card co Max lays off 50