Articles

The fourth lottery of the "discounted apartment" program is underway: the Ministry of Construction and Housing and the Israel Lands Authority (RMI) announced that another lottery, which includes about 7,000 discounted housing units throughout the country, will open at the end of the year (Wednesday, 12.28.22) and will be closed About a week and a half later, with the beginning of the new civil year (Sunday, January 8, 23). So far this year, about 21 thousand households have won the lotteries held as part of the program, which was promoted by the outgoing Minister of Construction and Housing...

Hundreds of employees of the "Blade Technology" factory for the production of jet engine blades in Nahariya received the message on Sunday morning that after more than 50 years it is expected to close during the year 2025 due to "business considerations". About 900 of its 1,400 employees are expected to be laid off, but in the meantime, many have gathered at the company's second factory in the Tefen industrial area, among other things, in preparation for formulating protest measures. Meanwhile, the Histadrut declared a labor dispute

About three weeks ago, another round of locked-in profits ended, which resulted in tax revenues of NIS 2.9 billion, contrary to the forecast given at the end of 2021, which was only about NIS 1 billion. The operation was designed to deal with the problem created by the early version of the Capital Investments Encouragement Law, which resulted in companies locking up profits and not distributing them in order to avoid paying taxes

The wave of layoffs in the economy is expanding. High-tech companies are not the only ones that are laying off workers, and it turns out that other companies on the fringes of technology are also parting ways with hundreds of workers. The Bezeq management signed a collective agreement with the representation of the 3,000 employees of the subsidiaries Pelephone and Bezeq International - the parties announced. Along with enshrining various benefits for employees, including general wage increases and unique wage increases for low wage earners, it was agreed that within the framework of the...

PwC Israel's mergers and acquisitions report for 2022 shows a 40% decrease in the number of merger and acquisition transactions, compared to a minor increase of 5% in the financial scope. The total number of transactions totaled approximately 18 billion dollars. 38% of the transactions were carried out by Israeli companies that also purchased other Israeli companies, totaling approximately 3.5 billion dollars

CloudWize and Kyndryl Israel announced today that the companies have entered into a strategic partnership to help bring cloud security and compliance to more businesses in Israel, across the CEE&EM region and globally. The agreement brings together CloudWize, an innovative agentless cloud solution that enables companies to have maximum cloud security and compliance from architecture design to runtime and Kyndryl's global leadership in IT infrastructure services to help the companies across the industries to unlock business value and strengthen growth in a secure and compliant way

The struggle of the Lahavim plant in Galilee, which Pratt & Whitney wants to close and lay off 900 workers, is intensifying. The parent company wishes to transfer the activity of the distributor to the United States. The storm of layoffs and the closing of the plant in the north reached the finance committee in the Knesset: Martin Beaulieu, the vice president for operations strategy at the American company claimed that they did not find a buyer and that the plant lost 700 million dollars and will continue to lose until the closure. The Histadrut representative rebuffed him: "They want to...

Two construction workers in their 30s were killed on Monday afternoon and another worker was moderately injured as a result of collapsing scaffolding at a construction site on Rakfat Street in Givat Ze'ev. The police began examining and collecting evidence and findings at the scene and representatives of the Ministry of Labor were called to the scene to investigate the case. The incident was reported at MDA's 101 hotlines in the Jerusalem area at 12:04 p.m. Scaffolding on an exterior wall of a 12-story construction site collapsed and three workers were trapped under them. Medium to...

1 out of every 5 Israelis experienced surveillance or harassment on social networks in the last year; In the past year, every fifth Israeli experienced curses and hatred aimed at him online; 1 out of every 10 Israelis has experienced the distribution of intimate or embarrassing photos of him without his permission; The Israelis state that the two groups most attacked in the networks are the ultra-orthodox society and the Arab society; Israelis who have been exposed to online violence state that Facebook is the most violent social network (82%), followed by a wide margin by WhatsApp (26%)...

The contractors sold only 1,819 apartments in October, which is a 68% decrease compared to October 2021 and a 34% decrease compared to sales in September - according to data published by the Central Bureau of Statistics (CBS). This is the lowest volume of sales recorded in the industry since the corona virus shutdown in April 2020