BOI surprised by wage czar request

Senior staff at the Bank of Israel were "surprised" to receive the recent letter from Finance Ministry Wage Supervisor Eli Cohen summoning past and present managers to a hearing to examine their employment conditions, in the context of probes into excessive wages at the central bank.

By DANIEL KENNEMER
October 26, 2006 07:38

 
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Senior staff at the Bank of Israel were "surprised" to receive the recent letter from Finance Ministry Wage Supervisor Eli Cohen summoning past and present managers to a hearing to examine their employment conditions, in the context of probes into excessive wages at the central bank. "We believe that [Cohen's] step stands in contradiction to understandings already achieved and in contradiction to the negotiations that are supposed to lead to the signing of a new wage agreement, and [the letter] certainly does not advance [the negotiations]," the central bank said, adding that the institution intends to accelerate the talks as well as "to protect, within the framework of the law, [its] workers and managers, who have served and are serving the Bank and the State of Israel loyally and professionally."

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