Bank of Israel wage talks continue

Nothing new has come of the negotiations at the Bank of Israel to resolve the ongoing wage dispute with its workers, said Central Bank spokesman Dr. Yossi Sa'adon on Wednesday.

By MATTHEW KRIEGER
July 5, 2007 07:13

Nothing new has come of the negotiations at the Bank of Israel to resolve the ongoing wage dispute with its workers, said Central Bank spokesman Dr. Yossi Sa'adon on Wednesday. While representatives from both sides are continuing to try and arrive at an agreement, Sa'adon said he could not provide an immediate timetable for when a deal might be expected. Meanwhile, Uriel Lynn, chairman of the Federation of Israeli Chambers of Commerce, blasted the NIS 32,000 a month wage package that was awarded to future employees at the Bank of Israel by Prime Minister Ehud Olmert, saying Olmert caved in to the wishes of Central Bank Governor Stanley Fischer.


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