Details of the plan will be completed next week and presented to the cabinet for approval.
Minister of Finance Ronnie Bar-On, Minister of Welfare Isaac Herzog and Minister of Industry, Trade and Labor Eli Yishai today discussed the measures required to strengthen the employment market due to the economic crisis. The three ministers reached agreement on a series of steps that are needed to support the job market, and they instructed their joint teams to complete details of the plan within seven days so that it can be presented to the cabinet.
The guidelines of the plan were formulated in recent months by the social economic agenda forum of the government which is comprised of representatives of the Ministry of Finance, the Bank of Israel, Israel National Economic Council, National Insurance Institute, and Employment Service. The principles of the plan have been discussed with the Histadrut Federation of Labor and employers and today was a further meeting between the sides involved to debate details of the overall plan.
As "Globes" reported yesterday, "the basic measures in the plan include: subsidizing salaries of those laid off who take low paying jobs; more flexible criteria for unemployment payments; and subsidizing expenses for traveling to places of work far from home.
Published by Globes [online], Israel business news - www.globes-online.com - on December 24, 2008
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