Histadrut steps in to end two-week bank strike

First International Bank of Israel reverted, serious negotiations to be held.

By SHARON WROBEL
July 15, 2010 10:32
1 minute read.
MK Moshe Gafni

MK Moshe Gafni 311. (photo credit: Courtesy)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The strike action at First International Bank of Israel was reverted after 12 days after the Histadrut Labor Federation stepped in to end the dispute between employees and the management as soon as possible.

In a meeting on Wednesday morning, FIBI CEO Smadar Barber-Tsadik demanded from Histadrut Labor Federation chairman Ofer Eini to ask the bank’s workers’ committee to put an end to the strike. In return, the bank’s management agreed to hold serious negotiations with the workers’ committee, which will be led by Eini.

“The workers’ committee agreed to the order and will resume work immediately,” said FIBI in an official statement.

Bank employees at FIBI and its two subsidiaries, Poalei Agudat Israel Bank and Bank Otsar Hahayal, have been on strike for nearly 12 days and prior to that services at the group’s bank branches were disrupted through various work sanctions.

Bank employees will return to work on Thursday and all of the bank branches will stay open in the afternoon and on Friday.

The agreement to get back to work came a day after Knesset Finance Committee chairman MK Moshe Gafni urged the bank’s management to enter into serious negotiations with employees in order to put an end to the prolonged strike and stop the damage caused to bank customers.


The main trigger for the strike was the lack of the management’s willingness to conduct negotiations.

More specifically, the workers’ committee claimed that representatives of the management refused to discuss certain issues that were at the center of the dispute, which left no other alternative but to strike.

In recent days, discussions between management and the employees failed to close the gaps between the sides.

The workers want bonuses enlarged and more manpower, to reduce their work load. The workers’ main demands are for larger bonuses for 2009. Bank workers were granted bonuses equivalent to one monthly salary for last year’s profits, but the union is demanding bonuses of at least one and a half to two monthly salaries – similar to those received by employees at Bank Leumi.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Cookie Settings