South Port and Workers Sign First Collective Labor Agreement

The Histadrut labor federation, the management of South Port (HCT Ltd.), and the workers' representatives have signed a comprehensive collective labor agreement. This agreement significantly enhances the wages, employment conditions, and welfare of the port workers, while also promoting operational improvements to maximize the port's activity and sustain its growth.

This marks the first collective agreement since the port completed its establishment and trial periods. It aligns the workers' compensation and employment terms with the port's performance and achievements in recent years. Under the agreement, employees will receive substantial salary increases and improved welfare benefits, including increased contributions to daycare and summer camp funding for children, an expanded general welfare budget, and company-sponsored vacations.

A new advanced performance-based compensation model is also being implemented to encourage professional excellence and further boost the port's efficiency. The agreement further stipulates that employees who enhance their professional training and obtain additional certifications will be eligible for further rewards based on their career advancement.

Histadrut Chairman Arnon Bar-David stated that this agreement is the first since the initial establishment agreement and is designed to foster the company's development rather than hinder it. He emphasized that the agreement is modern and ensures the port's success and profitability, benefiting the workers. He also highlighted the union's representation of all port workers in Israel and their ability to compete globally.

South Port CEO Eyal Baruch noted that the negotiations were based on a desire to reflect the genuine relationships within the port, emphasizing that all employees work together for the company's success. He highlighted that 95% of the port's managers have been promoted from within the workforce, underscoring the company's view of employees as central to its success.