Katz restructures trains after negotiations fail

By JPOST.COM STAFF
March 5, 2012 20:54

Following the failure of negotiations with Israel Railways committee workers, Transportation Minister Yisrael Katz announced Monday the creation of three new subsidiary companies to the company - cargo, maintainance and real estate - which will divide the work between them.

Israel Railways will retain 51% of ownership, while the remainder will be held privately.

"If the workers decide to strike this time as well, I will instruct the closure and recreation of the company so that there will not be a situation of a small minority holding the wider public hostage," Katz said.


Related Content

Breaking news
April 24, 2018
N.Korean leader visits China embassy, hospital after fatal bus crash

By REUTERS

Israel Weather
  • 11 - 31
    Beer Sheva
    14 - 25
    Tel Aviv - Yafo
  • 14 - 27
    Jerusalem
    13 - 25
    Haifa
  • 18 - 33
    Elat
    15 - 32
    Tiberias