Is Israel experiencing its biggest wave of layoffs since 2008 crisis – or is it all in the headline?
Boaz Hirsch, head of the state employment service, says job losses attract media attention while companies’ hiring is ignored.
Thousands of workers across a range of industries have received termination notices or word that their jobs are in danger in the past few months. The decline in economic growth and exports in the third quarter, together with layoffs announced or carried out at Teva Pharmaceutical Industries, Oil Refineries, Babylon, Office Depot, Hadera Paper Mills, Rotem-Amfert and Negev Textiles in...
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