Manufacturing salaries up 3.5% in '06

Average monthly salaries in the manufacturing industry increased by 3.5 percent to NIS 10,500 in 2006, the biggest increase since 2000, the Manufacturers Association of Israel said Sunday.

Average monthly salaries in the manufacturing industry increased by 3.5 percent to NIS 10,500 in 2006, the biggest increase since 2000, the Manufacturers Association of Israel said Sunday. The rise, it said, was mainly due to the minimum wage hikes in April and June this year of a total of NIS 250. Average monthly salaries in the hi-tech industry stood at NIS 16,500, which is more than double the average monthly salary of NIS 7,000 paid in traditional industry.