Bank of Israel promotes 20 percent of staff

- Central Banking staff
- 05 Nov 2004

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A press report said this week that Bank of Israel governor David Klein has decided to promote 20 per cent of the central bank's staff, with salary increases of between 10 and 15 per cent. Haaretz said the move was made without consulting the workers committee, reflecting poor relations between the sides.

Klein was quoted as saying that the automatic raises were "bonuses that were impossible to defend in the current reality." He had proposed promoting fewer staff members than the established "norm

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