IEC chairman also reports the benefit of free electricity for employees will be cut as a part of a future reform.
The Israel Electric Corporation’s chairman promised on Wednesday to slash the benefit of free electricity for its employees, as well as lay off 2,000 of its permanent workers in a future comprehensive reform of the company.
electricity line old – Photo: Marc Israel Sellem
Stressing the importance of entirely overhauling the IEC – which has a debt of over NIS 70 billion – as soon as possible, chairman Yiftah Ron-Tal discussed the provisions of a prospective reform at a Knesset Economic Affairs committee meeting, headed by MK Carmel Shama-Hacohen.














Israeli New Shekel Exchange Rate