Zim workers protest the sale: "We don't compromise on national security"

Approximately 400 Zim employees protested in Tel Aviv against the sale of the company to German shipping giant Hapag-Lloyd and the Fimi fund. The union chairman argued that the deal would give Qatari entities a foothold in Israel's lifeline. The buyers presented an improved framework, and the state halted the review of the original deal.

Approximately 400 employees of the Israeli shipping company Zim protested in Tel Aviv against the sale of the company to German shipping giant Hapag-Lloyd and the Fimi fund. The protest was held in cooperation with the workers' union and the Histadrut. The chairman of the workers' union, Oren Caspi, argued that the deal would grant Qatari entities a foothold in Israel's lifeline, and noted that government ministries presented weighty arguments against the deal. The deal was signed in February at a value of approximately $4.2 billion. Meanwhile, the buyers presented an improved framework that includes increasing Israeli ownership, strengthening the golden share, and no layoffs until the end of 2027. The Government Companies Authority announced the end of its review of the original framework following opposition from the Ministry of Finance and the authority itself.