Minister of Finance Bezalel Smotrich and IAI chairman Amir Peretz will lead a work team that will begin as early as this Sunday to formulate principles for a new salary structure in the company. The team will be allotted 3 months to reach a new collective agreement that the company badly needs, in light of the fact that the current agreement is already 50 years old and does not meet the needs of manpower and competition today.
In an interview with Walla, Katz was furious at the Treasury's demand that the TA employees reduce their salaries and return funds as a condition for increases.