BREAKING NEWS

Treasury: Progress was made in overnight Histadrut talks

By JPOST.COM STAFF

FEBRUARY 8, 2012 06:13

The Finance Ministry said it made progress with the Histadrut labor federation in talks stretching from 9 p.m. Tuesday that were continuing past the 6 a.m. start of a general strike. The progress, a Treasury statement said, was the result of its offer to add "hundreds of millions of shekels to improve the wages and conditions of [contract] workers."

"Unfortunately, the Histadrut is entrenched in its position that is likely to drag Israel into an unnecessary strike that will cost the economy billions of shekels," a Finance Ministry statement said.

The issues at hand, it added, are complex and require in-depth discussions "in order to strike the right balance between improving wages and conditions for workers and maintaining the Israeli economy."

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