Discount Staff Threaten to Paralyze Forex Dept.

Israel Discount Bank staffers, who shuttered major branches in Jerusalem, Tel Aviv and Haifa yesterday, plan more labor sanctions today. The workers' union is threatening a strike in foreign trade, currency exchange and international private banking. If the union implements the sanctions, all operations related to foreign trade will be paralyzed.

Discount Bank union leader Riki Bachar said the decision to disrupt operations followed "a failure to advance in talks on a new contract."

CEO Giora Ofer and Histadrut banking sector representative Zion Shema held talks last night aimed at ending the labor crisis at the bank.

In addition, the bank's management published an announcement saying it is "troubled by the disruptions instituted by workers and is acting to limit the damages."