Layoffs spreading across sectors, bankrupt supermarket looted in north

[bemildred]

The economic crisis took a further hit at Israel's economy yesterday, as hundreds of high-tech employees received pink slips. Comverse Technology announced plans to dismiss hundreds of workers in Israel and abroad, and electronics manufacturer Flextronics began firing about 200 employees at its Ofakim plant - just two months after dismissing 200 workers at its Migdal Ha'emek facility.

Comverse said it planned to dismiss about 450 workers, about 10 percent of its workforce, just two months after letting go about 150 employees, half of them in Israel.

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In Hatzor Haglilit in the Galilee yesterday, dozens of creditors, suppliers and workers looted the local branch of failed supermarket chain Birkat Hashem, claiming it owed them money.

The scene took place only a few hundred meters from Pri Galil, the food-processing company that narrowly avoided closure when supermarket chain Hetzi Hinam agreed to buy it yesterday.

http://www.haaretz.com/hasen/spages/1068831.html

[gordianot]

1. Classic guns and butter.

[bemildred]

2. Yah.

Classic result of "conservative" economic policies too.

[IndianaGreen]

3. Let the whole fraking country collapse

then, and only then, Israelis will realize that the Palestinian problem is minor compared to the way their country has been run by its own elitist ruling class, not all of which resides in Israel.

[henank]

4. You know nothing about Israel

nothing about its economy, its politics, how it's run and by whom. Just keep spouting your ignorant mantras. It makes you feel good obviously and as long as you're not anywhere near any government you can't do any harm.