Tadiran Carrier, an Israeli manufacturer of air-conditioners, announced Thursday morning it was transferring all production to China, where labor is cheaper. Consequently, some 350 employees of the factory, all over the age of 50, will be fired.
Tadiran Carrier is considered one of the last emblems of locally designed, produced and made products.
The plant, located in Afula, was making profits, but its owner, a US company, decided to move it abroad.
In response, Tadiran Carrier said that it was examining several alternatives regarding the production line. "We have not yet made a formal decision. Any decision we make will be based no consulting the relevant factors, while ensuring the employees' future."