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The Tel Aviv Stock Exchange (TASE) has struck a collective wage agreement with its employees union on Tuesday (09.09.08), ending months of disrupted labor relations.
The multiyear agreement covers several years and resolves issues, including the status of labor contracted under outsourcing agreements (2007-2012) and annual wage increases (2007-2010).
TASE CEO Ester Levanon said: "I am pleased that we achieved a long term wage agreement which will ensure peace and quiet for the coming years. The agreement enables the TASE to move forward, continuing its initiatives in developing new financial instruments, promoting Israel's integration into the global financial market, providing excellent investor services and aligning rules and practices with international standards."
