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Bezeq International had been due to launch a voluntary retirement plan last quarter but it was delayed, probably pending approval by the board of directors. The final signature on the streamlining plan is expected after the holidays later this month.
Bezeq’s mobile phone unit Pelephone will also soon launch a streamlining plan with some 150 employees volunteering for early retirement.
The layoffs at Bezeq International are due to the closure of the Internet Service Provider (ISP) division for private customers, following the Ministry of Communications decision to cancel the split between Internet infrastructure providers and ISPs. As a result subscribers will receive all Internet services as one product from one company – mainly Bezeq and Hot.
Bezeq International’s business unit will continue operations as an independent unit and deepen its activities in the sector.
Bezeq International CEO Ilan Sigal has succeeded in bringing the employees and Histadrut around the negotiating table on the matter.
Published by Globes, Israel business news – en.globes.co.il – on October 3, 2022.
© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.
