Mizrahi extends union contract for two years

By YIGAL GRAYEFF
October 27, 2005 23:16
1 minute read.

 
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 analyses 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

United Mizrahi Bank has extended the collective agreement with its employees for two years, thus removing one source of tension between management and the union but leaving other disputes unresolved.

The issue had led to a one-day strike before the holiday period, because although the management had wanted to extend the accord by five years, it also wanted to introduce changes regarding matters such as the firing of workers and the granting of bonuses following the amalgamation between Mizrahi and its Bank Tefahot mortgage unit, a union spokesman said. The union prefers to resolve these issues outside the collective agreement.

Be the first to know - Join our Facebook page.


Mizrahi spokesman Benny Shoukron rejected the union's explanation and said the two-year agreement is the same as the one for five years.

Nonetheless, union chairwoman Sarah Leizarovich welcomed the extension of the pact and expressed a desire to resolve the other points of disagreement.

"We all hope that we can now arrive at agreements on all the other outstanding issues and end the labor dispute at the bank," she said.

Industrial unrest has plagued Mizrahi for more than a year because of opposition to the amalgamation with Tefahot and the consequent layoffs, and the bank has suffered several strikes.

Despite the news of the agreement, Mizrahi shares closed down 0.1% at NIS 23.13 on the Tel Aviv Stock Exchange.

JPOST VIDEOS THAT MIGHT INTEREST YOU:

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