Israeli Power Sector Workers Secure Significant Pay and Pension Increases

The Histadrut labor federation, OPC Energy, and employee committees have signed a series of significant collective agreements in Israel's private electricity generation sector. These agreements, which renew the collective agreement at the OPC Hadera power station and establish new ones at OPC Tzomet Energy and OPC Shurak 2, aim to improve employee wages, pensions, and welfare, while ensuring long-term industrial stability for the company.

Under the new agreements, employees will receive annual salary increases of 4% to 4.5%, along with a NIS 400 increase to their base salary. Additionally, an annual bonus budget equivalent to 2.5 base salaries per employee has been established, along with commercial operation bonuses for workers at Hadera and Shurak 2. Pension contributions will be maximized, and benefits related to vacation, convalescence, travel, meals, and welfare will be significantly expanded.

These agreements are part of a national initiative by the Histadrut to standardize and improve conditions across private power stations. Histadrut Chairman Arnon Bar-David emphasized that these agreements set a new standard for labor relations and employee conditions in the sector, recognizing workers as a driving force behind the company's success.

OPC Energy's Operations VP Yoav Gorali expressed satisfaction with the agreements, highlighting the company's commitment to its human capital and fostering a partnership based on mutual commitment and responsibility. The agreements were facilitated through professional work and collaboration between employee committees, the Histadrut's national team, regional branches, and the company's management.