IBA delays July salaries

License fee revenues coming in at a trickle, and the IBA's financial deficit makes it impossible to pay out salaries on the due date.

By
July 30, 2007 21:43
IBA delays July salaries

IBA 298.88. (photo credit: Courtesy)

 
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

Israel Broadcasting Authority's threats that employees would not receive their July salaries came closer to reality Monday when IBA Chairman Moshe Gavish said Monday at the weekly meeting of the IBA management committee that there would be a delay in payments. License fee revenues have been coming in at a trickle, and the IBA's financial deficit simply makes it impossible to pay out salaries on the due date, said Gavish. He was, nevertheless, hopeful that salaries could be paid on August 7, when last quarter license fee payments should arrive at the bank. In the interim, Gavish said he hoped that Bank Yahav would demonstrate sensitivity and understanding towards those IBA employees who sought to get loans from the bank to tide them over until their salaries were deposited. Members of the management committee expressed doubts about there being sufficient funds to pay out salaries, even by August 7, and said that this was a major sign of the impending collapse of the IBA. Most were certain there would also be a delay in paying August salaries, if they would be paid at all.

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

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town

By SHARON UDASIN