Treasury, Histadrut agree to raise minimum wage to NIS 4300

By NADAV SHEMER
March 2, 2011 19:26




The minimum wage will rise almost 12 percent by 2012, after a deal was reached on Tuesday between Finance Minister Yuval Steinitz and Histadrut labor federation Chairman Ofer Eini.

The two issued a statement outlining their deal, which will see the minimum wage rise from its current level of NIS 3,850 to a level of NIS 4,100 in July 2011, before increasing to NIS 4,300 in October 2012.

A bill on the changes will now be presented to the Knesset and the previous agreements between the Finance Ministry and Histadrut will be amended.


Related Content

Breaking news
January 22, 2018
S.Korea's Moon says Olympics should lead to nuclear talks with U.S.

By REUTERS

Israel Weather
  • 11 - 19
    Beer Sheva
    14 - 18
    Tel Aviv - Yafo
  • 9 - 15
    Jerusalem
    13 - 17
    Haifa
  • 12 - 23
    Elat
    12 - 21
    Tiberias