Business Forum of Top Executives Shuts Down Activities in Protest of the legal reform

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by Ifi Reporter Category:Financial Jul 24, 2023

In a dramatic move, the "Business Forum," comprising executives managing around 150 of the largest companies in the economy, including banks and high-tech firms, has taken the emergency measure of disabling their company activities. Dozens of high-tech companies have also joined this shutdown. The decision comes amidst an ongoing dispute with the Histadrut over potential economic shutdowns.

The Histadrut, the General Federation of Labor in Israel, had considered shutting down the economy but has decided to hold off temporarily. Chairman Arnon Bar David of the Histadrut is attempting to meet with President Yitzhak Herzog to seek a compromise.

The Business Forum, made up of top executives from various sectors such as real estate, law firms, retail, and more, is calling on Prime Minister [Prime Minister's Name] to understand the severity of the situation and halt the proposed legislation. They believe this legislation could cause significant damage to the economy and further divide society. The executives insist on entering into negotiations to find a solution that safeguards the nation's security and future.

The Big Group, a shopping mall conglomerate, has announced its participation in the strike and will close its malls tomorrow. This decision comes after they faced resistance from tenants during their previous attempt to initiate a strike.

Among the members of the Business Forum who have previously voiced opposition to the legislation are notable figures such as bank CEOs, Liora Ofer - chairman and owner of Lisron; Lilac Asher Topilsky - senior partner at the Fimi Fund; Eitan Bar Zeev - Chairman of the Big Board of Directors and Chairman of the Board of Directors of Africa Properties; Harel Wiesel - CEO and owner of Fox Group; Yitzhak Abarkhan - Chairman of Shufersel; Lior Raviv - CEO of the Isrotel hotel chain; Chai Galis - CEO of Big Shopping Centers; Nathalie Mash'an Zakai - CEO of DSK Properties and Building and David Fatal - owner and founder of the Fatal Hotel chain, Avi Levy - CEO of Discount, Levi Halevi - CEO of Kal Company, Rami Nussbaum - owner and chairman of the Ashstrom Group, Nir Levinger - CEO of the Central Beverage Company, Keren Khalifa - CEO of the Israel Real Estate Division in G City.

As the Business Forum and high-tech companies carry out their strike, the nation watches closely to see how the situation unfolds and if negotiations will be initiated to prevent further economic damage and social unrest.

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