Treasury, Histadrut agree to raise minimum wage to NIS 4300

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
May 21, 2018
Paraguay opens embassy in Jerusalem, second country to follow U.S. lead