Yishai: Sderot businesses on verge of collapse

As Kassam rockets continued to rain down on Sderot, MK Eli Yishai requested the gov't provide businesses in the area with a compensation package above and beyond that which was offered during during last summer's 2nd Lebanon War.

May 29, 2007 07:21
1 minute read.
shas eli yishai speaking

eli yishai speech298 88. (photo credit: Ariel Jerozolimski)


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


As Kassam rockets continued to rain down on Sderot Monday, Industry, Trade and Labor Minister Eli Yishai requested the government provide businesses in the region with a compensation package above and beyond that which was offered to affected business owners in the North during last summer's Second Lebanon War. "The businesses in the Sderot region are on the verge of collapse and their operations have almost been completely halted as many workers are afraid to report to work," Yishai said in his pitch to the government. Under the war compensation law created on July 31, 2006, during the war in Lebanon, factory owners can choose from one of two forms of compensation packages to help cover costs - one that is based on employee wages or one that is based on the company's monthly income. The second option presented to manufacturers last summer was one based solely on income in which smaller companies were reimbursed up to 75 percent of their monthly income, with this number decreasing dependent upon the amount a company earned over the course of an average month. Yishai proposed that not only should business owners be repaid for damages stemming from both direct and indirect harm caused by the attacks over the last few weeks, but he also requested additional compensation for the untold damage and unstable security situation that he said has been a reality in Sderot over the last few years due to the hundreds of Kassam attacks. "In order for employees to get paid, this compensation package needs to be approved," Yishai stressed. Meanwhile, a poll conducted by the Manufacturers Association of Israel, indicated that 23% of employers in the country said that if they were faced with a situation similar to the one in Sderot, they would withhold at least a portion of their employees wages should they not report for work, while 25% responded that they would completely withhold wages should employees not show up.

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