Bezeq - Immediate Report - Notice of strike at yes
Tel Aviv, Israel – June 18, 2018 – Bezeq The Israel Telecommunication Corp., Ltd. (TASE: BEZQ), announced that it was notified by its subsidiary, DBS Satellite Services (1998) Ltd. (“DBS”) that it received a notice from the National Labor Federation, in accordance with the Israeli Settlement of Labor Disputes Law, 5717-1957, that a strike has been declared, effective July 1, 2018 (the “Notice”).
According to the Notice, the issues in dispute are the intention to make organizational and structural changes in DBS and other activities within Bezeq or its subsidiaries, including potential mergers, a claim of bad faith reflected by not disclosing certain information and intention to implement structural changes without conducting the required consultation and negotiations that are part of the terms of the law for collective labor situations.
DBS and Bezeq cannot at this stage assess the implications of this Notice.
The above information constitutes a translation of theImmediate Reportpublished by the Company. The Hebrew version wassubmitted by the Company tothe relevant authorities pursuant to Israeli law, and represents the bindingversion and the only onehaving legal effect. This translation was preparedfor convenience purposes only.