Pri Galil Employees Protest Outside Banks

Workers staged demonstrations yesterday to protest the murk shrouding the future of Vita Pri Galil as money to keep the company operating runs short. More protests by the 130 employees are planned for today.

Yesterday the workers demonstrated outside the offices of banks Discount and Leumi in Tel Aviv. Today protests are planned at the Finance Ministry in Jerusalem.

Three weeks ago banks Leumi and Discount motioned to have a receiver appointed to Vita Pri Galil, which owns the Pri Galil processing plant. Pri Galil, located in Hatzor Haglilit, employs 200 people permanently and 400 more seasonally. It owes NIS 260 million, more than half of that sum to the banks and the rest mainly to suppliers.

The workers are demanding that the banks rescue the company, which is in danger of collapse.

Recently the Haifa District Court appointed two special managers to Pri Galil. Meanwhile, a buyer is being sought for the company. However, the workers suspect the company's days as a going concern are numbered anyway, because there's no financing in place to keep it running for the interim period, until it can be sold.