El Al Lays Off 84 Flight Attendants Only to Hire 60 Others - at the Same Pay

According to the El Al workers' committee, the company has fired only temporary employees who earn low wages, and will replace them with recent grads of the flight attendant's course.

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No one likes layoffs. They're never pleasant. That's why the financial press was pleased to report that El Al shares rose by 3.7% after the company announced that 200 employees would be laid off, among them...