Manufacturing salaries average NIS 10,760

The Manufacturers Association of Israel reported on Tuesday that salaries in the country's manufacturing sector are now NIS10,760 a month, on average, an increase of some 4.1% above those during the same period last year.

By MATTHEW KRIEGER
July 11, 2007 08:39

The Manufacturers Association of Israel reported on Tuesday that salaries in the country's manufacturing sector are now NIS 10,760 a month, on average, an increase of some 4.1 percent above those during the same period last year. Additionally, said Yair Rothlevy, chairman of the Association's work committee, manufacturing employees' salaries in the first quarter were approximately 40% higher than the average market salary, and overall in 2007, salaries in Israel's manufacturing sector have jumped 3% above last year's figures. "There are a few significant reasons behind this increase," said Rothlevy, "including the raising of the minimum wage by some 7.5% above last year, the significant increase of salary levels in the manufacturing sector and a jump in the number of manufacturing employees, especially in the hi-tech sector." According to the Association, the highest employee salaries in the manufacturing sector during the first quarter were those of workers in the communications equipment manufacturing field, taking home an average of NIS 20,267, while the lowest manufacturing sector salaries belonged to workers in the shoe industry, with average monthly salaries of NIS 5,740.


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