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After the peaks -  Data indicate a one-year low in the number of vacancies in high-tech companies
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After the peaks in demand for high-tech registered last year, new data indicate a one-year low in the number of vacancies in the industry. The vacancy report for May-July published by the Central Bureau of Statistics (CBS) shows that the number of vacancies for engineers in general decreased by 8% to 14,963 in July compared to the previous month, and that the number of vacancies for software developers decreased by a more significant rate of 11% , for 10,130 jobs. This is the second month in a row in which the number of jobs in high-tech is decreasing, after about three months in which the...

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Aug 18, 2022

The unemployment rate in Israel increased slightly in July - but it is still low: 3.7%
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The unemployment rate in Israel increased slightly in July, but it is still low: from the data published by the Central Bureau of Statistics (CBS), it appears that the narrow unemployment rate increased in July to 3.7%, which is 159.5 thousand people, compared to a rate of 3.4% measured in June, which is 146.5 A thousand job seekers. Meanwhile, the employment rate also decreased, from 61.2% in the previous month to 60.9%, which is 4,195,800 employed. However, the number of unemployed and the unemployment rate are still lower than on the eve of the Corona crisis at the beginning of 2020

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Aug 15, 2022

Carrefour-Israel plans layoffs of 300 employees due to the transition to the Carrefour brand
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The CEO of Carrefour Israel, Uri Kilstein, is leading a NIS 50 million streamlining process in the company. Kilstein's presentation to the company's managers held on Sunday indicates that the plan will include layoffs, closing branches, and changing suppliers. The move is being made in a chain that is still branded under Beitan and Mega wines, in preparation for the transition to the Carrefour brand. The plan includes reducing the number of employees, currently numbering about four thousand, by 200-300 branch employees, most of whom are temporary workers and personnel workers. In addition,...

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Aug 14, 2022

ICL will  supply potash in Europe probably to Norway in a deal estimated at $ 230 million
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The ICL company managed by Raviv Zoler reports on a major deal - the company signed a memorandum of understanding for the supply of potash in Europe. The identity of the customer was not disclosed, but according to estimates, it is the Norwegian capital. This is an activity of 300 thousand tons per year and given the price of potash, it is a transaction with a financial scope of approximately 220-240 million dollars. This deal comes against the backdrop of the Russia-Ukraine war and the suspension of purchases from Russia and Belarus. Europe sanctions Russia and this may have transferred...

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Aug 12, 2022

Kimberley Workers' Committee: We are leaving the Histadrut after more than 50 years
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About a month after Histadrut Chairman Arnon Bar-David called for a consumer boycott due to the rising prices for Diplomat, Shastovitz, and Kimberly Clark, the response arrived: the employees of Kimberly Clark Israel decided to take revenge: to leave the Histadrut and move to the National Histadrut. There are about 1,000 employees

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Aug 11, 2022

Likud primaries were extended until 10:30 p.m due  to  pressure by the party's chairman Netanyahu
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The Likud primaries were extended until 10:30 p.m. after pressure exerted by the party's chairman, Binyamin Netanyahu. Although the turnout, which stood at 9:00 p.m. at 54%, is similar to the previous primaries, Netanyahu is putting pressure on party members and asked to extend the vote even until midnight - when the goal is to weaken the power of the groups organized in Likud. In the last few hours towards the evening, dozens of SMS messages, recorded messages and videos were sent to the functionaries, after in Netanyahu's opinion too few functionaries voted for the five armors he...

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Aug 10, 2022

Bezeq net profit increased by 3% in 2nd Q and amounted to NIS 310 million - revenues to 2.23 billion
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Bezeq Group closes the second quarter of 2022 with an adjusted net profit of NIS 310 million, a moderate increase of 3% compared to the corresponding quarter in 2021. Revenues were NIS 2.23 billion, a slight increase of 1.1%. Operating profit decreased by 1.3% to NIS 463 million and EBITDA also decreased by 1.4% to NIS 921 million. The company's free flow increased significantly to NIS 359 million, compared to NIS 85 million in the corresponding quarter. Bezeq reduced the debt in the company by about one billion shekels and now it stands at 5.63 billion

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Aug 10, 2022

Cellcom recorded revenues of NIS 1.069 billion in the second Q and a net profit of 39 million
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The cellular company Cellcom, which operates a cell phone network, Internet and telephone services, and controls Golan Telecom, published its financial reports for the second quarter according to which the company recorded revenues of NIS 1.069 billion compared to NIS 1.003 billion in the corresponding quarter last year - an increase of 6.5%. The company's net profit in the second quarter amounts to about NIS 39 million compared to a loss of NIS 14 million in the second quarter last year. The company's operating profit in the current quarter amounted to approximately NIS 95 million...

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Aug 10, 2022

Wix fired 230 employees in Q2  and saved $150 million - 100 more in the 3rd quarter
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A day after it was revealed that it would lay off about 100 of its employees (about 2% of the workforce), Wix Company reports slightly higher revenues than expected in its reports for the second quarter of the year. The company, which developed a system for building websites, shows revenues of $345.2 million - a growth of About 9% compared to the corresponding quarter last year. Market analysts expected revenues of $344.39 million and the company itself predicted revenues of $342-346 million. Excluding exchange rate differences, revenues in the last quarter grew by 11% to the level of 349...

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Aug 10, 2022

The budget surplus in July reached NIS 10 billion due to an increase of 20% in the state's revenues
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The accumulated surplus in the last 12 months in the state budget reached 10 billion shekels in July, and the rate of surplus in the state budget in relation to the GDP reached 0.6% of the domestic GDP - this was announced by the Economic Accountant Division of the Ministry of Finance. The surplus in the budget, for the second month in a row, is due to an increase of more than 20% in the state's revenues from the beginning of the year, compared to the corresponding period in 2021, to NIS 280 billion. The chief economist at the Ministry of Finance recently re-evaluated the state's revenue...

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Aug 8, 2022

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