Katz restructures trains after negotiations fail

Following the failure of negotiations with Israel Railways committee workers, Transportation Minister Yisrael Katz announced Monday the creation of three new subsidiary companies to the company - cargo, maintainance and real estate - which will divide the work between them.
Israel Railways will retain 51% of ownership, while the remainder will be held privately.
"If the workers decide to strike this time as well, I will instruct the closure and recreation of the company so that there will not be a situation of a small minority holding the wider public hostage," Katz said.
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