Following the successful conclusion of agreements with Israel’s major manufacturers and importers over measures which will serve to ease the burden of the devaluation of the Israeli pound, the Government today moved to head off demands by trade unions for interim wage increases which might cost the state some 5,000,000 pounds ($1,670,000) monthly.
Finance Minister Levi Eshkol, appearing before the Mapai central committee, reiterated his opposition to any tendency toward increased wages and announced that vigorous efforts were being made by the Finance Ministry to bring down any prices which might influence, the cost-of-living allowances.
Housing Minister Giora Josephthal, meanwhile, called for “efficiency dismissals” or the transfer of unneeded workers.
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.