3% Salary Increase and Expanded Pension Benefits: Employees at Yes Secure Major Gains

The management of yes, the company's workers' committee, and the National Federation of Labor signed an extension of the collective agreement on Monday. The agreement will remain valid until the end of 2026. The negotiations were led by the VP of Human Resources at yes, Zvika Abramovich, the chairman of the workers' committee, Eli Cohen, and the chairman of the National Federation of Labor, Yoav Simhi.

The agreement includes improved employment conditions, such as a salary increase of up to 3%, an expansion of pension contributions, an update to the welfare budget, and the continued preservation of all rights anchored in the collective agreement, alongside the regulation of employee retirement.

Signing of the collective agreement (Photo: YES Spokesperson)

"When there is management that understands that employees are its most important asset, it is possible to reach agreements that create a better reality for everyone. The agreement at yes is an example of how to combine business responsibility with social responsibility, strengthen employees, and build a system of labor relations based on trust and cooperation," said Yoav Simhi.

CEO of yes Ilan Sigal stated:

"The last year was a turning point for yes. We led significant moves that strengthened the company and prepared it for the challenges of the coming years. The agreement signed today is an expression of our commitment to continue investing in the employees, who are the driving force of the company and central partners in its success."

Chairman of the workers' committee Eli Cohen emphasized the significance of the achievement:

"The new collective agreement is a significant milestone that secures the future of the employees, anchors all rights accumulated through years of hard work, and brings significant improvements in conditions. We have proven that our commitment as a committee is to create stability, strong backing, and job security."

Cohen added that the signing is not the end of the road, but a milestone, and the committee will continue to stand firm and attentive to the needs of all employees.