0
General

Bezeq cuts 200 staff through early retirement, writes off ILS 137 mln

Friday 8 November 2019 | 09:21 CET | News
Bezeq Israel's board has approved the early retirement of 140 tenured employees and 60 other employees at a total cost of ILS 143 million, Globes reported. This is part of the previously agreed streamlining plan and expected regulatory easements. Bezeq will set aside ILS 137 million for this plan in Q4.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Bezeq
Countries: Israel
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Israeli government set to approve Bezeq sale

Published 11 Nov 2019 09:45 CET | Israel
Israeli communications minister David Amsalem has informed Attorney General Avichai Mandelblit that he will approve the sale of ...

Searchlight threatens to pull out of Bezeq deal

Published 07 Nov 2019 11:10 CET | Israel
US private investment firm Searchlight is threatening to pull out of the acquisition of a controlling interest in B ...

Israeli govt eases demands on Bezeq for fibre-optic network

Published 07 Nov 2019 11:04 CET | Israel
The Israeli Ministry of Communication is prepared to ease up on demands it had made on Bezeq Israel Telecom to rescue plans for a ...

Bezeq repays ILS 438 mln debt early in restructuring

Published 02 Oct 2019 11:30 CET | Israel
Bezeq Israel said it has completed the early repayment of a number of loans from financial institutions and banks to the tune of ...

Pelephone to shed up to 500 workers in service and engineering departments

Published 25 Sep 2019 09:25 CET | Israel
Bezeq Israel's mobile phone unit, Pelephone, plans to make 400-500 employees redundant, reported Globes, citing the workers' ...

Bezeq Israel revenue falls by 4.7% in Q2

Published 30 Aug 2019 09:35 CET | Israel
Bezeq Israel said revenues decreased by 4.7 percent to ILS 2.22 billion in the three months ended 30 June from ILS 2.33 billion ...

Bezeq may write down up to ILS 2.1 bln in Q2

Published 26 Aug 2019 10:44 CET | Israel
Israeli operator Bezeq said it may write down as much as ILS 2.1 billion in the second quarter from its mobile and satellite TV ...