Faced with continuing financial losses, Rafael Defense Industries, one of Israel’s major defense contractors, will lay off some 650 employees.
The layoffs were announced after Israeli Finance Minister Avraham Shohat said negotiations with the workers councils had gone nowhere.
According to initial speculation, some 1,200 people at the state-owned firm, which has 4,500 employees, were to be let go.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
