BOI: Employees to return NIS 60m.

A labor agreement within the Bank of Israel - currently awaiting the Finance Ministry's final approval after a year of talks - would see the return of up to NIS 60m. accumulated by workers over the past 15 years.

By DANIEL KENNEMER
August 8, 2006 09:04

A labor agreement within the Bank of Israel - currently awaiting the Finance Ministry's final approval after a year of talks - would see the return of up to NIS 60 million accumulated by workers over the past 15 years, the central bank said Monday, refuting a report in the Hebrew press that funds wouldn't be returned. "There is no reason to suppose that the Bank's management would compromise on the return of the money from retired workers in exchange for their not criticizing the agreement ... the Bank's management is not afraid of criticism on the agreement. To the contrary, the Bank's management aspires to encourage public debate on the matter," the bank said, calling the report untrue and illogical.


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