BREAKING NEWS

Treasury, Histadrut and Manufacturers Association sign 'package deal'

Finance Minister Yuval Steinitz, Histadrut head Ofer Eini and Manufacturers Association President Shraga Brosh signed a 'package deal' on Tuesday, which helps the government implement major reforms planned as part of its economic efficiency plan. "This joining of forces is an essential part of the economic plan to end the crisis and escape it," Steinitz said. "We cautiously estimate that we will effectively end the crisis and [rising] unemployment towards the end of 2009, and reach renewed growth towards the end of 2010."