BREAKING NEWS

Treasury: Contract workers' deal to cost NIS 800 million

By JPOST.COM STAFF

FEBRUARY 12, 2012 09:47

Finance Ministry Budgets Director Gal Hershkovitz said Sunday that the deal signed with the Histadrut Labor Federation to end the general strike over the status of contract workers would cost approximately NIS 800 million to enact.

The Finance Ministry stated that the agreement "meaningfully improves the wages and conditions of tens-of-thousands of contract workers."

According to the statement, the tens-of-thousands of contract workers impacted by the deal will have their monthly salary raised from NIS 4,100 to NIS 4,500, as well as enjoying an improvement in benefits, including pensions, convalescence pay, holiday bonuses and subsidized lunches.

"The agreement reflects the needed balance between an improvement in the rights of cleaning and security workers and the government's responsibility to protect Israel's economy," the Finance Ministry stated.

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