Tadiran forecasts Q4 loss

Defense company Tadiran Communications said it expects a fourth-quarter loss of between $10 million and $15m. following a seven-week strike at its Holon plant that ended last week.

Defense company Tadiran Communications said it expects a fourth-quarter loss of between $10 million and $15m. following a seven-week strike at its Holon plant that ended last week. The company said on Wednesday the strike forced it to delay completion of sales worth about $20m., but that the factory has now returned to full production. The company has a backlog of $350m. Tadiran also said it signed a collective agreement with the Histadrut labor federation that will lead to 50 workers taking early retirement.