PARTNER COMMUNICATIONS ANNOUNCES THE ENTRY INTO A NEW COLLECTIVE EMPLOYMENT AGREEMENT FOR AN ADDITIONAL THREE YEARS
Partner Communications Company Ltd. - American Depositary Shares, each representing one ordinary share (PTNR)
US:NASDAQ Investor Relations:
partner.co.il/ir-en
Company Research
Source: PR Newswire
ROSH HA'AYIN, Israel, Dec. 14, 2021 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, announced today that the Company, the employees' representatives and the Histadrut New General Labor Organization (the "Parties") have signed a renewal of the collective employment agreement initially executed in 2019 and ending on December 31, 2021, for an additional period of three years, with certain changes, at a cost that is immaterial for the Company (the "Collective Employment Agreement").Under the Collective Employment Agreement it was agreed, among others things, on a salary increase budget for 2022, in the amount of 3%, to be differentially allocated. In addition, the Parties agreed to negotiate at a later time a salary increase and participation in the Company's profits mechanism for the years 2023- 2024. For further information please see the Company's Annual Report on Form 20-F for the
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