trending Market Intelligence /marketintelligence/en/news-insights/trending/solfilsqb8zgkw0oqmsyiq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Mizrahi Tefahot Bank to offer workers early retirement through cost-cutting plan

State Of Indonesian Online Video: Subscription

Virtual Multichannel Revenues Projected To Soar In Next Five Years

Street Talk Episode 45 - Fed Moving From Rate Hikes To Lower For Longer

Consumer Engagement Remains Challenging For OTT Players In Asia


Mizrahi Tefahot Bank to offer workers early retirement through cost-cutting plan

The board of directors of Mizrahi Tefahot Bank Ltd. approved a cost-cutting plan that will include the early retirement of roughly 300 employees between 2017 and 2021, Globes reported Dec. 28.

Employees taking early retirement will be entitled to a pension until they reach retirement age or increased severance pay, along with other benefits. The lender stressed that the number of those retiring will not be more than 300, the report noted.

The plan will cost the Israeli lender an estimated 300 million shekels, which will be booked in the 2016 year-end report, and is expected to save 70 million shekels annually, according to the report.

As of Dec. 28, US$1 was equivalent to 3.86 Israeli shekels.