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Following the sale of MAX: how many tens of millions did the employees receive? - Walla! Of money


After months of negotiations, the Histadrut, the MAX workers' committee and the management of the credit company signed a grant in the total amount of NIS 35 million, subject to the completion of the sale transaction for all holdings

Signing the agreement at MAX.

From right to left: Head of the Banks and Credit Unions Division of the Histadrut of the Histadrut, Adv.

After many months of negotiations in the shadow of the sale of the credit and finance company MAX to Kahl Holdings, the Histadrut, the workers' committee and the company's management reached an agreement regarding a sales bonus for the employees.

The grant, in a total basket of NIS 35 million, will be distributed among the company's 1,500 male and female employees according to seniority.

The grant will be paid to the employees as early as April's salary, given that the sale transaction will be completed by this date.

Also, the collective agreement, which was to end this coming June, will be extended for another year (until June 2024), so that the company's employees will continue to benefit from the existing benefits and a salary increase of approximately 3.7 percent in accordance with the definitions.

The Chairman of the Histadrut Ma'of Attorney Gil Bar-Tal

: "We congratulate MAX's dedicated employees who have proven to be the engine of the company's growth. The agreement we reached is balanced and good for both the company and the employees, and it is a worthy reward for the company's march forward. Thank you to the members of the committee and its chairman Reut Pavlovich who knew how to stand firm for all The length of the negotiations with the best interests of the workers in front of their eyes."

CEO of MAX Ron Fainero

: "I welcome the agreements with the committee. The company's management sees the workers' committee as a partner, and I believe that together we will continue to reach new heights."

The Head of the Division of Banks and Credit Companies in the Histadrut Ma'of, Adv. Menachem Malik

: "I welcome the agreement and am happy that the company's management sees the employees as partners in MAX's extraordinary path and achievements. This partnership is also reflected in this agreement, and I wish the company continued prosperity and of its employees".

Chairman of the MAX Workers' Committee Reut Pavlovitz

': "The move was made possible thanks to the determination and solidarity of the company's employees. I am sure that the honorable grant will greatly help the employees, especially in a time of economic uncertainty, rising interest rates and an increasingly burdensome cost of living. The main factor in the growth that the company has experienced in recent years is human capital, and for that reason it was

appropriate That the workers will enjoy adequate compensation. I am happy that the management sees us as the main asset of the company."

The chairman of the Ramat Gan and Bnei Brak region of the Histadrut Avi Galili

said: "The impressive increase in the value of the company happened thanks to the employees.

And hence, that the sale of MAX is nothing but the sale of human capital - the workers themselves.

I am happy that we have reached this stage where the employees will be rewarded for their work and the success of the company."

  • Of money


  • max

  • Max

  • credit cards

  • the Histadrut

Source: walla

All business articles on 2023-03-21

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