Live Update
From the Liveblog of
Tuesday, May 26, 2020
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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