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Full coverage· Economy· Updated

Vertical Field Employees Sue for Unpaid Wages and Pensions

Eleven former employees of the ag-tech startup Vertical Field have filed a lawsuit seeking over 769,000 shekels in unpaid wages and pension funds, alleging the company is insolvent. This follows a previous dismissed insolvency filing by the company's parent and a settled dispute with lender Rami Levy.

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What happened

  1. 01Former employees sue Vertical Field for 769,000 shekels in back pay.
  2. 02Employees claim the ag-tech startup is insolvent and owes pension funds.
  3. 03A prior insolvency request by the parent company was dismissed by the court.
  4. 04The company previously settled a dispute with lender Rami Levy over a $1.5 million loan.
  5. 05Vertical Field develops agricultural systems and faced market downturns.
Translated and summarized by baba from Globes, the latest report. Read Globes’s original

The coverage

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