Israel To Grant El Al Loan Guarantees If It Lays Off 2,000 Staff
Credit: Joe Pries
Israel´s government will grant El Al Airlines loan guarantees for 80% of a $400 million loan to help it survive the COVID-19 crisis on condition that the nation’s flag-carrier lays off a third of its 6,000-strong workforce as part of a restructuring. The Times of Israel reported that the loan is...
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