News Brief 10/27/2013, Cheshvan 23, 5774
TEVA Asia Reaches Agreement with Israeli Labor Federation
The Histadrut (Israeli Labor Federation) has reached a new collective agreement today (Sunday) with the Israeli Pharmaceutical Firm TEVA Asia, located in Petach Tikva, for 250 of its workers. The agreement should be set in motion by the end of this week.
The agreement includes a cumulative wage increase of 25% over a five-year period, subsidizing childcare for employees' children ages 3 to 12, providing tuition for higher education in universities and technical institutes for workers' children, and increasing contributions for pension funds.