BREAKING NEWS

Teva, Histadrut agree to pay hike for workers

By JPOST.COM STAFF

OCTOBER 16, 2013 12:23

Teva, the Israeli pharmaceutical giant, has reached a new labor agreement with 700 workers at its factory in Jerusalem, according to Israel Radio.

The company, which has been the subject of scathing criticism from political figures and media commentators over its decision to lay off hundreds of employees, has agreed to an 18-percent pay increase and other for workers at its factory in the northwest section of the capital.

According to Israel Radio, the agreement, which was signed with the Histadrut labor federation representing the workers, has no impact on the company's announced intention last week to trim down its work force.

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