Central Bank workers may strike again

Decison comes after wage supervisor refuses to approve new agreement reached between the central bank's workers and management.

April 19, 2007 21:09
1 minute read.
Central Bank workers may strike again

civil strike 1 298.88. (photo credit: Ariel Jerozolimski [file])

Bank of Israel workers said Thursday they will seek permission to strike again after the wage supervisor refused to approve the new agreement reached between the central bank's workers and management. According to a statement from the workers' union of the Bank of Israel, the Treasury's wage supervisor had requested last week to receive a draft of a new agreement, something both the union and the central bank's management provided and felt confident about its chances of approval. This, however, was not forthcoming from the wage supervisor, who was accused by the workers of displaying a lack of good faith by making additional demands from both management and the union when the new proposal was presented. Under Israeli law, before the Bank of Israel restructures wage agreements with its workers, it must first receive the approval of the wage supervisor, who is an official in the Ministry of Finance. Next Thursday, Israel's Supreme Court will rule on the decision of the wage supervisor, and should a decision not be reached before May 7, the workers may again walk out on strike. Bank of Israel employees first walked out on their jobs on March 12 in protest of the Finance Ministry's intention to cancel salaries and benefits that were deemed improper by the wage supervisor. The Bank of Israel said it was working on reaching a new agreement with its workers and it hopes that it will be reached before May 7.

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