Israeli society got a reprieve from a potentially disruptive labor strike on Wednesday as an agreement was announced by the Histadrut to a compromise on the minimum-wage hike.
The labor union had been demanding NIS 5,300, but reportedly settled with the Presidents of Business Organization for a raise to only NIS 5,000 a month, or NIS 27 an hour. The current minimum wage is NIS 4,300.
But even if they didn’t win their full demand, the Histadrut hailed it as a the biggest rise in the minimum wage ever agreed upon.
Ministry of Finance Wage Department head Kobi Amsalem was not a party to the agreement, so the accord as it stands does not include public sector employees and, in the wake of Yair Lapid’s departure as Finance Minister, it was not clear what the government’s position will be.