Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers
Report: Israel Chemicals freezes layoff plans
12:55 PM MST | December 10, 2013 | Francinia Protti-Alvarez
Israel Chemicals Ltd. (ICL; Tel Aviv) has agreed to freeze its plans to lay off employees, according to a Globes reports published today. ICL has agreed to intensive talks with the trade union Histadrut over the employees it intends to lay off, the report adds. The talks are aimed at preventing unilateral action by the management or employees, the reports say. A strike planned for tomorrow, at ICL's Rotem Amfert Negev plant, has been cancelled as a result. The talks follow comments by the company's CEO, Stefan Borgas, at a business conference yesterday. Borgas...
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