FIBI Bank Workers to Step Up Labor Sanctions

Workers at the First International Bank of Israel plan to broaden their labor sanctions today, striking all departments at the bank's headquarters except foreign currency.

The employees plan to close the departments that deal with stocks, trust funds, debt collection and bookkeeping.

The bank workers have been carrying out sanctions for several weeks. Chairman of the bank clerks union, Hanoch Livneh, said that the sanctions were due to management's refusal to pay a bonus based on the bank's 2004 profits.

First International Bank managers and signatories have also been protesting branch closures.