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JewishJournal.com

October 23, 2013

Comverse in Israel has new round of layoffs

http://www.jewishjournal.com/israel/article/comverse_in_israel_has_new_round_of_layoffs

Comverse Technology in Tel Aviv, Israel. Photo by Jonathan Schilling

Comverse Technology in Tel Aviv, Israel. Photo by Jonathan Schilling

Comverse let go of dozens of workers in Israel in a new round of layoffs.

The layoffs this week were announced a month ago. Hundreds of workers had been let go previously by Comverse, according to Ynet.

The company, which develops and markets telecommunications software, was founded in Israel and is now based in the United States.

Several leading companies in Israel, notably Teva and Gottex, announced sizable layoffs in recent weeks.

Earlier this month, the Israeli pharmaceutical giant Teva said it was layingof f  5,000 employees worldwide, including 800 in Israel. The Israel layoffs were  frozen pending an agreement between the company and the Histadrut labor federation.

Israel provides Teva with major tax breaks, which were threatened by the layoffs.

Gottex, a fashion and swimwear manufacturer, is laying off dozens of employees as part of an announced restructuring, according to Ynet.

Haifa-based Oil Refineries said last week that it will let go of  nearly 250 employees and ECI began laying off up to 300 workers — one quarter of its staff in Israel — in September, Ynet reported.

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