Most Israeli Hi-Tech Companies to Close For Passover Holiday
Written by: Aaron Katsman | April 2, 2009
Looking to cut costs wherever possible, an overwhelming majority of Israeli Hi-tech companies plan to close for the duration of the Passover holiday.
According to Globes: “90% of high-tech companies who responded to a Manufacturers Association of Israel survey will be closed over the week-long Passover holiday. The survey covered over 90 industrial enterprises. 70% of food companies, 56% of metals and electrical companies, 34% of textile companies, 25% of construction and consumer companies, and 55% of chemicals and pharmaceutical companies, will also be closed. 76% of factories will extend the Passover vacation to 14 days this year. 28% of industrial companies are changing their policy and sending their employees on organized leave over the holiday. 59% of industrial companies will be closed over the holiday and will send their employees on paid leave over the holiday, compared with 35% of industrial companies last year.”
Happy Holiday!
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