The agreement reached between the Histadrut and Soltam workers who had barricaded themselves in the Yokneam plant and which enabled them to free the Koor and Soltam management personnel after holding them hostage for some 38 hours calls for the continued employment of 300-400 of the 1,300 workers on civilian projects. The factory has a large backlog stock of military equipment because it did not cease production when orders declined.
The other 700-800 employes who had been working on military hardware will have to choose one of the options open to them: generous severance pay for those retiring or taking early retirement; using up full-pay accumulated leave (up to six months for some of the workers); taking reduced pay leave, with 75 percent of the usual leave pay; or opting for a four-day week retraining program with five day’s pay and a 30 percent premium.
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.
