900 layoffs expected as US engine-maker Pratt & Whitney to shut down Israel factory
Histadrut labor federation declares work dispute ahead of closure of facility, formerly owned by the Wertheimer family
Source: timesofisrael.com
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900 Israeli employees at risk of layoff from Pratt and Whitney
The factory in Nahariya will be closed in 2025 and the company said that it was being done due to financial considerations, following ongoing losses of the factory.
Source: jpost.com
Israeli industrialist Eitan Wertheimer dies at 70
Together with his father, Stef Wertheimer, Eitan ran cutting tools company Iscar, which was sold to Berkshire Hathaway for $6 billion.
Source: globes.co.il