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Mekorot Signs New Collective Agreement with 20% Salary Increases
Mekorot, Israel's national water company, has signed a new five-year collective agreement with its employees, featuring cumulative salary increases of around 20% and a NIS 13,000 signing bonus. The deal, costing NIS 62 million annually, aims to boost salaries for engineers and improve promotion opportunities.
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What happened
- 01Mekorot signed a new five-year collective agreement with employees, including 20% salary increases.
- 02The new agreement will cost Mekorot an estimated NIS 62 million annually.
- 03Employees will receive a NIS 13,000 signing bonus and annual excellence bonuses.
- 04Starting salaries for engineers and tech professionals will increase by 15%-30%.
- 05The agreement may lead to an increase in water tariffs for consumers.
- 06The deal was signed after two years of negotiations and requires final approval.
The agreement, pending final approval, may lead to higher water tariffs for consumers. The union chairman hailed it as a recognition of employee contributions.
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