Money Shekels bills 521.
(photo credit: Courtesy)
Federation of of Israeli Chambers of Commerce chairman Uriel Lynn slammed the
government on Sunday for putting the second stage of the minimum- wage hike on
hold until October 2012.
He said the government should more than just
“copy agreements signed between labor unions and employer bodies,” adding that
“fixing the second hike for October 2012, in other words a period of one year
and three months after the first hike, is tantamount to mockery.”
said the second wage hike should be pushed forward to April 2010.
government must make practical decisions with a broad view to the needs of the
market and society,” he said.
The cabinet on Sunday approved raising the
minimum wage to NIS 4,100 a month from the current NIS 3,890.25.
stage of the minimum wage, to come into effect on October 1, 2012, will see the
minimum wage rise to NIS 4,300.
The wage hike is part of an agreement
between the Finance Ministry, the Histadrut and the Economic Organizations
Liaison Committee. It is based on a collective labor agreement signed in
Industry, Trade and Labor Minister Shalom Simhon said the move
would have a meaningful impact on a large segment of the
Including the agreements in the government legislation, he
said, “provides the ministry with an enforcement tool in case employers break
the law and don’t pay the minimum wage.”