Supplementary Immediate Report - Announcement of Lockout by Subsidiaries Pelephone and Bezeq International
Supplementary Immediate Report - Announcement of Lockout by Subsidiaries Pelephone and Bezeq International
Further to the Company's immediate reports dated August 3, 2021 regarding the industrial sanctions and dated August 30, 2021 regarding the announcement of a general strike at Pelephone Communications Ltd. and Bezeq International Ltd. (the "Subsidiaries"), a supplementary immediate report is hereby issued.
On October 19, 2021, both Subsidiaries issued an announcement to the Chief Supervisor of Labor Relations at the Ministry of Economy, of a lockout pursuant to Section 5A of the Settlement of Labor Disputes Law, 1957. The announcements explained that continuation of the sanctions at the Subsidiaries may result in certain processes in the Subsidiaries being rendered no longer financially viable and/or operationally possible.
The date of commencement of the lockout and the number of employees whose jobs may be suspended as part of such lockout, if adopted by either of the Subsidiaries, is dependent on the organizational measures and sanctions to be adopted by the employees.
At the same time, mediation between the managements of the Subsidiaries and representatives of their employees will continue.
The Company and its Subsidiaries are unable to assess, at this stage, the resulting effects of such lockout that may be adopted in practice.
Yours sincerely,
Bezeq” The Israel Telecommunication Corp Limited
The above information constitutes a translation of the Immediate Report published by the Company. The Hebrew version was submitted by the Company to the relevant authorities pursuant to Israeli law, and represents the binding version and the only one having legal effect. This translation was prepared for convenience purposes only.