Union Bank employees seek to declare work dispute

Histadrut banks chairman Zion Shama said he would summon a meeting between Union Bank's management and the workers' representatives and that, "if the [workers'] concerns are confirmed and an agreement on their rights is not signed, a labor conflict will be announced."

By DANIEL KENNEMER
November 16, 2005 07:15
1 minute read.
bank igud 88

bank igud 88. (photo credit: )

 
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

The workers' committee at the Union Bank asked the Histadrut labor union Tuesday to deem their opposition to the bank's purchase by Israel Discount Bank an approved work dispute, paving the way for sanctions. Israel Discount Bank had confirmed reports that it was negotiating to buy Union Bank in a statement to the Tel Aviv Stock Exchange last Tuesday. "Despite the obligation to inform worker representatives, discuss with them, and hold negotiations, [Union Bank] management did not bother to address us on the matter, and we became aware of it only through the media and the bank's announcement to the stock exchange," representatives of the bank's clerks and managers told the Histadrut. Histadrut banks chairman Zion Shama said he would summon a meeting between Union Bank's management and the workers' representatives and that, "if the [workers'] concerns are confirmed and an agreement on their rights is not signed, a labor conflict will be announced." Separately, the Tel Aviv Regional Labor Court decided Tuesday night that Israel Discount Bank workers could renew sanctions, if desired, after December 31, but that until then "industrial quiet" would reign, worker spokeswoman Gali Gabbai related. The decision came after a five-hour hearing initiated by the bank management's petition for an order preventing sanctions. The workers had closed down branches in the centers of Jerusalem, Tel Aviv and Haifa at the beginning of the week to protest the bank's decision last Wednesday to sell its funds without consulting them. The workers also charge that no wage agreement has been in place since 2004. "The decision provides the workers with a stick, and will help convince the management to enter negotiations," Gabbai commented.



More about:Jerusalem, Histadrut

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