Histadrut Strike Averted, Deal Reached

Overnight talks between representatives of the Histadrut Union and the Finance Ministry, along with the threat of a country-wide strike, resulted in a deal, averting the strike.

Workers will receive a 7.5% raise. Half of the raise will be redirected to financially weaker members, giving them a larger salary boost. In addition there will be a NIS 2000 bonus.

The deal will apply 2 years back retroactively, and stay in effect for the next 3 years.