Chambers of Commerce quitted EOLC

Uriel Lynn noted the package deal will have negative effect on the business sector and predicted that over 49,000 businesses would close this year
 
Uriel Lynn, president of the Federation of Israeli Chambers of Commerce (FICC), announced last week that it was quitting the Economic Organizations Liaison Committee, which is headed by Manufacturers Association of Israel president, Shraga Brosh.
 
In a statement issued by the IFCC Lynn noted that the economic package deal that Brosh had reached with Minister of Finance Yuval Steinitz and Histadrut (General Federation of Labor in Israel) chairman Ofer Eini is the main reason for quitting.
 
Lynn argued that the Prime Minister and Minister of Finance did not fully understand the package deal which had been signed. He added the deal would have negative effect on the business sector and predicted that over 49,000 businesses would close this year.
 
Two weeks ago, the Chambers of Commerce petitioned the National Labor Court against the package deal. It asked the court for an injunction against the Histadrut, the Ministry of Finance, and the Prime Minister's Office.