Plan would see businesses get NIS 7,500 for every employee brought back to work

The Finance Ministry has announced an NIS 6 billion ($1.7b) plan to encourage businesses to bring employees back to work.

The ministry says employers will receive an NIS 7,500 ($2,100) grant in total for every employee brought back, so long as that employee earns at least NIS 3,300 ($940) a month.

Grants will be paid in four monthly installments starting in July.

The plan is set to be discussed by the cabinet next week.

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