ISRAEL: Minimum Wage Hike Will Trigger Textile Exodus
The 10.2 per cent rise in Israel's minimum wage, which came into effect in April, is prompting textile and apparel companies to seek lower cost labour, the Israeli Manufacturer's Association said. One company, Standard Textile Israel, is already moving some of its operations out to Jordan where wages are lower. "We've already moved 60 percent of our production volume to Jordan," said Abraham Limor, the company's CEO told Ha-aretz newspaper.
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