Live Update arrow right icon From the Liveblog of Tuesday, March 10, 2015

‘Israel should invest more in manufacturing’

10 March 2015, 6:55 pm Edit

Industrial magnate Stef Wertheimer says Israel is justified in boasting its booming hi-tech sector but would be wise to invest in manufacturing and the industrial sector.

Warren Buffet (L) discusses future plans for the expansion of his newly acquired business Iscar Metalworking with previous owner Steff Wertheimer (R) in Tefen, Israel on Monday, Sept. 18, 2006. (Photo credit: Big R /Flash90)
Warren Buffet (L) discusses future plans for the expansion of his newly acquired business Iscar Metalworking with previous owner Stef Wertheimer (R) in Tefen, Israel, on Monday, Sept. 18, 2006. (Photo credit: Big R /Flash90)

“Tech is important, but if you look at even the successful tech start-ups, you see they employ only dozens of people at most. Tech is never going to have the impact on the job market that manufacturing has,” Wertheimer says in an exclusive interview with the Times of Israel.

To read the full interview, click here.

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