Netanyahu welcomes Israel Chemicals-Histadrut compromise on layoffs

Prime Minister Benjamin Netanyahu on Thursday praised a compromise reached between the Histadrut labor federation and Israel Chemicals (ICL) on layoffs.
After 115 days of disputes that “shut down the South” and nearly halted all government activity in that region just days before the March 17 general election, Israel Chemicals and the Histadrut announced a compromise on intended layoffs.
"The Israeli government will continue to develop the Negev, keep employment rates high and create new jobs in the region," said Netanyahu after the two sides announced the deal at Histadrut headquarters in Tel Aviv Thursday night.
The agreement was said to significantly reduce the total number of layoffs ICL had planned as part of a broad efficiency program over the coming years.
"Job creation is a crucial social issue," Netanyahu added, touting Israel's unemployment rate, which this week dipped below 5 percent.
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