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Jerusalem Life

| NIS 7,500 grant for each employee recalled from furlough

Janglo News    
Wednesday, 27 May 11:16 AM

The Israeli government will pay employers NIS 7,500 for each employee that they will bring back from unpaid leave on June 1 and NIS 3,500 for every employee that they brought back on May 1. This is the main point of the government plan to reduce unemployment being launched by Minister of Finance Yisrael Katz.

Katz today distributed a copy of his proposed Knesset bill for the grants as part of his plan to encourage employment. According to the announcement by the Ministry of Finance, the plan was formed by Katz together with Prime Minister Benjamin Netanyahu. The grants will now be restricted by the number of employees brought back from unpaid leave and applies to every employee whose monthly salary is over NIS 3,300. The grants will be made in four payments over four months to ensure that the employee is taken back just to receive the money.

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