Economy

The international pharmaceutical company is appointing Maria Miller as CEO of the Israeli branch, after Ohad Goldberg, who held the position for the last eight years, was appointed CEO of the operations in South Korea. Burger Ranch is launching a new campaign created using artificial intelligence, with an investment of 3 million shekels.

Credit card company CAL is planning to reduce its workforce by 10% to 15%, affecting 150 to 220 positions. This move follows the loss of the El Al FlyCard franchise to Isracard earlier this year.

The Population and Immigration Authority has notified contractors that the government quota for direct hiring of foreign construction workers is fully exhausted. All applications, including those in progress, are frozen, threatening construction timelines.

LinkedIn is shutting down its R&D center in Israel, resulting in the layoff of approximately 50 employees. The facility, established following the acquisition of Oribi, will cease most of its operations.

The Histadrut and the workers' committee are threatening to declare an official labor dispute at Assaf Harofeh Hospital, which will lead to severe disruptions in essential departments and surgical units due to a breakdown in negotiations with management.

Max Stock has convened a shareholders' meeting to approve a 51% increase in the annual compensation of CEO and founder Ori Max to 7.77 million shekels. The move aims to incentivize continued value creation for the company and its shareholders.

The Aviv Group has appointed Itay Vaknin as its new CEO. He will receive a fixed monthly salary of 140,000 shekels plus annual bonuses of up to 1.12 million shekels. Dafna Harlev will step down as CEO to become co-chair of the board of directors.

Globes has learned that two new senior executives coming from fields outside the credit card industry will join the top management of CAL: Zoarit Yogev, who was deputy head of the mortgage division at Bank Leumi, and Tony Cohen, CEO of the Maccabident dental clinic chain.

The Histadrut and the AIG Israel workers' committee have declared a labor dispute over the implementation of an AI-based voice agent. Employees fear mass layoffs, as over 550 staff members could be replaced by the new technology.

Official salary data shows an increase, but a new in-depth analysis of the labor market reveals that this is not a real benefit for workers, but a worrying structural change affecting the entire economy.

A new survey by the Israel Innovation Authority and Tzafrir company presents a complex picture of Israeli high-tech, where the total number of employees remains stable but demand is changing. While software companies are streamlining and laying off, the hardware and deep-tech sectors continue to expand. In the background, the influence of AI is growing and is beginning to be a central...

Recently, the "Mami" consumer club, owned by the media personality and entrepreneur, reached a significant milestone by joining the world of credit cards. Now, Maayan Adam and the company are recruiting additional staff members to join the team behind the scenes.

A series of resignations at the Walla news desk over a short period: since Ilail Shahar took office as head of the news desk, 8-10 editors have announced their departure, including senior desk managers and the veteran homepage editor. A former employee: "Everyone here has either found a job or is looking for one."

The Histadrut and Arkia management have signed a collective agreement for aircraft maintenance staff, securing salary increases and expanded social benefits through the end of 2028.

Deputy CEO and Head of the Business Clients and Partners Division, Odalia Moshe Ostrovsky, will conclude her tenure after two years, during which she also served as CEO of Diners. Her departure follows the resignation of the VP of Human Resources amid ongoing leadership tensions at CAL.

The former CFO of the Tel Aviv Stock Exchange, who brings over 20 years of experience in senior financial management, has been appointed to a key position in Israel's largest independent finance and pension group.

Two new collective agreements signed today with employees of Hot Mobile and Ta'abura Yamit Ashdod include salary increases, improved rights, and regulation of working conditions. At Hot Mobile, employees will receive an average annual salary increase of 3%, along with a series of additional benefits.

The National Insurance Institute announces that unemployment and income support benefits will be distributed on June 12. Who is eligible for these payments, and what are the specific conditions for single parents and students?

The Histadrut and the management of Ashdod Marine Traffic have signed a new collective agreement. The deal includes salary increases and adapts work processes to accommodate new giant vessels.

Advocate Sigalit Assayag-Tzruya, who spent seven years chairing the Central District Appeals Committee for Planning and Construction, has joined Firon Law Firm as a partner. She will lead the firm's planning and construction practice, leveraging over 20 years of public sector experience.

The "Koach LaOvdim" union has declared a labor dispute following a series of attacks on drivers, including stone-throwing and road blockades. The union states that entering Bat Ayin has become like entering a war zone. If no solution is found, service will be suspended in two weeks.

The energy company seeks to grant a bonus of nearly 7 million shekels to its senior managers to ensure they remain until the merger with PowerGen is completed. Additionally, the vesting date for their options will be advanced, allowing them to exercise them as part of the deal.

Self-employed individuals pay National Insurance (Bituach Leumi) every month, but when the moment of truth arrives, many find themselves falling through the cracks. Attorney Tali Dayan explains why the burden of proof for the self-employed is higher, which mistakes can be costly, and how to prepare correctly before anything happens.

Due to persistent train delays, the Minister of Transport is demanding that compensation be linked to performance. On the Berlin-Hamburg line, only about a quarter of trains arrived on time. The goal: to reach a 70% punctuality rate by 2029.

The financial technology and data group Ion, owned by billionaire Andrea Pignataro, has missed rent payments for offices across three continents. Landlords have restricted employee access to premises due to outstanding debts.

The AIG Israel workers' committee has declared a labor dispute citing disagreements over a collective agreement and concerns that AI implementation will lead to job cuts.

Histadrut Chairman Arnon Bar-David had been in a long-standing conflict with MAHAR union chair Alexandra Krushinski and decided to remove her from her position.

Following the acquisition of the channel by Asaf Rappaport and his investor group, the company has announced the appointment of a new communications director and spokesperson to lead its strategic direction.

At 21, another year in the career service can buy professional experience; at 25, one must weigh studies and benefits against a career starting to build outside; at 35, children, a mortgage, and a spouse's career enter the equation; and approaching retirement, the pension and rights you have accumulated change the calculation again. How do you know if the advantages of the career service are still...

Against the backdrop of the most severe crisis in the Israeli high-tech sector, a senior manager reveals the personal moments of horror and the secret method she developed to save her employees and find them all new jobs.

After being laid off, many make the mistake of sending resumes indiscriminately. The story of development manager Mor Schlesinger proves that searching together with colleagues restores a sense of control and increases success rates.

After billion-dollar exits, prominent tech entrepreneurs are stepping down from CEO roles to join AI giants like Anthropic and OpenAI as individual technical contributors.

Following a violent incident at a Hapoel Petah Tikva match where a steward struck a fan with an iron rod, Erez Kalfon, chairman of the Football Leagues Administration, will again appeal to Finance Minister Bezalel Smotrich to include stewarding in the list of 'preferred jobs.' Walla! Sport has learned that Kalfon previously sent similar requests in December 2024, which remained unanswered.

The United States Postal Service (USPS) reported a net loss of $2.5 billion in the third fiscal quarter. The agency is currently borrowing from employee pension funds to maintain operations.

In an era of remote work under sirens, reserve duty, and shifting client requirements, some teams adapt quickly while others fall behind. A new study from Tel Aviv University reveals what enables teams to adapt faster and how this capability improves performance in a dynamic environment.

A conversation with Ela Alkalay, Chair of IBI Mutual Funds and social activist. We discuss the rule of thumb for a worry-free retirement, the population group at greatest risk, and pension contributions that started as a smart idea but got out of control. How to prepare for retirement even at age 40? A new series.

Itzik Shiruki was exposed on Kan 11 as someone who managed to save enough money to retire from work, but we identified him as the financial blogger Zik. We caught him for a short conversation about anonymity on the web and the winning tips for the beginner financial blogger.

An 18-year-old woman who was injured at work just before being drafted into the army was left with a finger injury. Even though the employer disappeared and went bankrupt, the medical board determined she had a 24% permanent disability, which will entitle her to a monthly pension for the rest of her life.

Yom Tov Samia has announced the end of his tenure as chairman of Apollo Power, a role he held since August 2018. It is expected that he will join a political party ahead of the elections scheduled for October 27.

Or Nahum grew up in Eilat in a family of judges and scientists, the "black sheep of the family." He survived painful layoffs and an economic collapse during COVID, "ate shit in commercial quantities," but refused to give up. Now, at 38, he reveals the tough path he took and the big regret he still carries. A special interview.