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2,000 Textile Works Are Dismissed

July 15, 1985
See Original Daily Bulletin From This Date

The bankrupt Ata textile mill’s nearly 2,000 employes have been informed that their jobs were officially terminated as of June 28.

The giant industrial complex on Haifa Bay, once the largest employer in the Haifa area, was officially closed by court order. A last minute effort to sell it to a foreign syndicate was rejected by the Ministerial Economic Committee on grounds that the government’s investment under the deal was too high.

The dismissed employes were advised by the receiver that they could withdraw money they had contributed to the pension plan up to June 28. But no mention was made of severance pay or financial benefits the workers had hoped to get from the government.

Now that they are officially without jobs, the Ata workers can apply for unemployment compensation or retraining to prepare them for jobs in other fields.

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