Bank of Israel management and the bank's workers' union returned to the negotiating table on Wednesday in hopes of averting the resumption of last week's strike, which had halted operations at the central bank for two-and-a-half days.
A senior official at the bank said the two sides had been meeting all week but had not yet reached an agreement on a new wage pact.
"If no agreement is arrived at by tonight (Wednesday), the management and workers will have to appear before a labor court judge on Thursday to explain what stands between them in coming to a solution, and how they intend to progress," said the central bank official.
Gali Gabbai, spokeswoman for the bank workers' union, said that if no agreement was reached, it all would depend on the labor court as to whether or not the workers would strike on Thursday.
Bank of Israel employees walked out on their job on March 12 in protest of the Finance Ministry's intention to cancel salaries and benefits that were deemed improper by the Wage Director. The workers on March 14 agreed to temporarily put an end to the strike for one week as they negotiated with management to reach an agreement on new wage conditions. Today (Thursday) marks the end of the week-long negotiating period.