Debts of 7 million shekels – dozens of Israelis lost their jobs

The company 'Peirot Moshav Ben-Yosef', which handled citrus packing and exports, announced a halt to operations due to debts of 7.3 million shekels. All 80 employees lost their jobs. The reasons cited include the war, a boycott of Israeli products in Europe, and a conflict with Kibbutz Mishmar HaSharon over an electricity debt. A 9% rise in unemployment among software developers over two months was also reported.

The Israeli company 'Peirot Moshav Ben-Yosef', which handled citrus packing and exports, officially announced a halt to operations. Management filed a request with the Central District Court in Lod. The collapse was caused by debts totaling 7.3 million shekels. All 80 employees lost their jobs. The company had operated in the Israeli market for about thirty years. The official filing states that the business was hit by the ongoing war, a boycott of Israeli products in European countries, and the destruction of 11 containers of spoiled fruit. The situation was worsened by a prolonged financial conflict with Kibbutz Mishmar HaSharon over an electricity debt of 700,000 shekels, which led to the freezing of accounts and paralyzed operations. The article also cites data on rising unemployment among software developers and app analysts: over two months, the number of those applying to the Employment Service rose by 9% — from 7,950 in May to 8,650 in July. The total number of unemployed in high-tech rose by 3% — from 16.4 to 16.9 thousand. The Director General of the Employment Service, Inbal Mashash, attributed the July rise in unemployment to seasonal factors, including layoffs of education workers.