Program disproportionately benefits bigger companies, excludes those that didn't lay off workers during lockdown and sends wrong signal should a second wave of the pandemic hit
Package will grant employers up to NIS 7,500 for each employee who returns to work after being laid off due to the coronavirus crisis, economic restrictions
Government permanently slashes duties on cellphones, electronics, clothing, shoes, home appliances and lighting, toys, cosmetics, baby products, eyeglasses as budget deficit widens
Rate is a still-high 13.3%, on par with Great Depression levels, but 2.5 million jobs added last month indicate companies reopened and rehired more quickly than many forecast
With over one million Israelis unemployed, businesses will be paid NIS 7,500 for each employee who returns to work, but only if they wait until next week
US unemployment nears 15%, highest rate since Great Depression, as death toll surpasses 77,000; EU states roll back restrictions, but want to block travelers for another month
Increase of NIS 15.6 billion includes grants to help businesses return employees to workforce amid historically high unemployment, funding for tech firms, small businesses
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