Israel Electric Corp. Blamed for Nearly NIS 1b a Year in Unnecessary Expenses

IEC acknowledged even 10 years ago that the company had 2,500 unnecessary employees, but did not address the issue despite repeated promises to do so.

comments Print
The financial crisis at the state-owned Israel Electric Corporation over the past decade was the result of a number of wasteful practices that have cost the utility nearly NIS 1 billion a year over the past...