Hundreds of employees of Bank Otsar Hahayal blocked streets fighting a merger of their bank

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by Ifi Reporter Category:Financial Dec 11, 2018

Hundreds of employees of Bank Otsar Hahayal who are supposed to merge into First International Bank and strike for a week and a half have conducted the "paper house demonstration" and blocked the entrances to the Bank's headquarters. The workers wore Dali masks and said they protested what they saw as the bank robbery in which they worked. Money Heist is a Spanish drama series that describes the course of a robbery in the Royal Mint of Spain.
"The merger will be done while preserving the Otsar Hahayal brand with all its values, including the unique benefits to customers and the array of branches, therefore no harm is anticipated to competition, customers and employees.
"The workers' committee, which began with the fact that for many weeks it has avoided intensive negotiations, continues to refuse any proposal and presents exaggerated demands, And reaches a peak in spreading threats and false information about the dismissal of 1,000 workers (Otsar Hahayal has only 700 employees, and as stated, no one is fired.) This approach harms the bank and its employees. Judgment for an injunction.
Despite the creative demonstration and the aggressive response of the bank, those close to the negotiations estimate that the workers will return to work tomorrow, because of drafts already agreed between the lawyers of all sides.
Bank Otsar Hahayal employees do not return to work until an agreement of principles is signed that will respect them and their rights. This is not a regular labor struggle, but the struggle of all Israeli citizens against the owners of capital and against centralization in the banking industry.

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