12 March 2014 13:43 [Source: ICIS news]
LONDON (ICIS)-Israel Chemicals Ltd (ICL) has called on its striking workers to “act responsibly” and understand the challenges the company now faces, it said on Wednesday.
The statement comes after ICL's unions intensified their strikes this week, and local workers are understood to have stopped around 3,000 overseas contract workers from entering the company’s six sites in the Dead Sea.
The strike is in response to the management's decision to implement a recovery plan without any talks with the union.
The company’s exports, including of potash fertilizer, are reported to have been halted from 11 March as a result, although could not be confirmed.
ICL said management is in the process of drafting detailed plans to ‘increase its competitiveness and to improve its efficiency’, while workers have claimed that this will mean over 1,000 jobs at the company will be lost.
“ICL deals with complex and urgent challenges resulting from a new reality in its global and domestic environments stretching from lower competitiveness of its Israeli facilities,” the company said in a statement.
The company said its profitability has suffered “primarily as a result of decrees that the government of Israel has imposed on ICL in recent years”, and due to aggressive competitors, reduced prices and decrease in demand for some of its products although it did not name the products.
ICL’s management added in the statement that it is doing everything to ensure the future of the company and its employees.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections