• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Business

Bezeq Int’l to lay off 50% of workforce

Gad Perez by Gad Perez
October 5, 2022
in Business
0

Bezeq Israel Telecommunications Company Ltd. (TASE:BZEQ) Internet and international calls unit Bezeq International is to lay off 50% of its workforce. An estimated 300 tenured employees will lose their jobs as well as an additional 250 non-tenured employees. Sources have told “Globes” that Bezeq’s board of directors will convene today to approve the plan after which the company will notify the Tel Aviv Stock Exchange (TASE). Bezeq International will set aside a significant sum of money in its next financial report.




RELATED ARTICLES








Bezeq International had been due to launch a voluntary retirement plan last quarter but it was delayed, probably pending approval by the board of directors. The final signature on the streamlining plan is expected after the holidays later this month.

Related articles

Intel Stock Surges as New Chips to Be Ready Sooner. What Analysts Say.

March 30, 2023

Philips stock jumps after CEO eyes recall settlements this year (PHG)

March 30, 2023

Bezeq’s mobile phone unit Pelephone will also soon launch a streamlining plan with some 150 employees volunteering for early retirement.

The layoffs at Bezeq International are due to the closure of the Internet Service Provider (ISP) division for private customers, following the Ministry of Communications decision to cancel the split between Internet infrastructure providers and ISPs. As a result subscribers will receive all Internet services as one product from one company – mainly Bezeq and Hot.

Bezeq International’s business unit will continue operations as an independent unit and deepen its activities in the sector.

Bezeq International CEO Ilan Sigal has succeeded in bringing the employees and Histadrut around the negotiating table on the matter.

Published by Globes, Israel business news – en.globes.co.il – on October 3, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.




Source link

Tags: BezeqIntllayworkforce

Related Posts

Intel Stock Surges as New Chips to Be Ready Sooner. What Analysts Say.

by Freddie Green
March 30, 2023
0

Text size Intel shares are down more than 35% from a year ago. David Paul Morris/Bloomberg Intel shares are on...

Philips stock jumps after CEO eyes recall settlements this year (PHG)

by Freddie Green
March 30, 2023
0

mekcar Philips (NYSE:PHG) CEO Roy Jakobs expects the company to reach settlements this year related to the recall of its...

‘FIFA’ publisher EA to cut 6% of workforce, reduce office space By Reuters

by Reuters
March 30, 2023
0

© Reuters. FILE PHOTO: EA (Eletronic Arts) Sports logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration (This...

U.S. cities claw back people after COVID outflows

by Mike Schneider, The Associated Press
March 30, 2023
0

Turns out the pandemic hasn’t permanently dissuaded people — especially immigrants — from seeking their fortunes amid Manhattan’s gritty streets...

Chesapeake Has A High Dividend, Hopefully, It’s Sustainable (NASDAQ:CHK)

by Freddie Green
March 30, 2023
0

imaginima Overview Chesapeake (NASDAQ:CHK) currently provides a dividend of 12%, which is quite a high dividend all things considered. Chesapeake’s...

Load More

Guide to Buying Property Insurance and Protecting Yourself from Roof Damage

March 30, 2023

China is now an unlikely safe haven

March 30, 2023

Four bankers who helped Putin’s friend set up Swiss bank account convicted By Reuters

March 30, 2023

Sustainable packaging startups to watch, according to VCs

March 30, 2023

Uber expands Comfort Electric to 14 new US, Canadian markets

March 30, 2023

Florence Raises $20M to Increase Clinical Capacity in Emergency Rooms with Technology While Modernizing the Patient Experience – AlleyWatch

March 30, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.