Cabinet approve minimum wage hike to NIS 4,100

The cabinet today approved raising the minimum wage to NIS 4,100 a month from the current NIS 3,890.25. The next stage of the minimum wage hike, to NIS 4,300, will come into effect on October 1, 2012.
The minimum wage hike is part of an agreement between the Ministry of Finance, Histadrut (General Federation of Labor in Israel) and Economic Organizations Liaison Committee. It is based on a collective labor agreement signed on January 2, 2011.