Business in Brief

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Comverse tells employees to come to the office

Taking a page from Yahoo CEO Marissa Mayer, the head of personnel at Israel's Comverse told employees they were no longer to work from home. In an email to staff sent on Monday evening, Kathleen Harris, senior vice president for human resources who is based in the United States, said too many employees were not coming to the office on a regular basis and that they are required to do so. She noted that teamwork was essential to the firm's success, saying that face-to-face interaction was also an important factor in building trust. Harris said the rule would not apply to employees who do not live within reasonable commuting distance of the office. According to the Industry, Trade and Labor Ministry, only 3% of Israeli salaried workers work from home. (Orr Hirschauge and Tali Heruti-Sover )

Tene fund to sell giant stake in Caesarstone

The Tene Investment Fund is planning to sell its nearly 25% stake in Caesarstone, the manufacturer of quartz stone kitchen countertops traded in the United States, for what could be about $190 million. Kibbutz Sdot Yam, which owns almost 55% of the firm, may join in the sale and sell shares equal to 7% of the equity. Tene, a private equity fund managed by Ariel Halperin, took its first stake in Caesarstone in 2006, investing $37 million over the years while receiving $8 million back, partly in dividends. The sale will require filing a share prospectus because the shares are not now listed for trade on the Nasdaq. The kibbutz members will have an opportunity to vote on how much of a stake they will sell, if any, of their company. (Yoram Gabison )

Fifth of Israeli workers say they face bias

About 17% of Israeli salaried workers say they are victims of discrimination in the workplace, according to an Industry, Trade and Labor Ministry survey to be released today. Among the segments of the population most likely to say they are victims of discrimination are Arabs, the ultra-Orthodox, mothers with children under age six and people with disabilities. From 2009 to 2011, the data showed a decline in the proportion of workers who said they were treated unfairly, from 19% to 14.2%, but since then the figures have risen to 17%. (Hila Weissberg )

Comverse headquarters in Tel Aviv Credit: Nir Keidar