Hadera Paper shuts production line for a week
Dec 10, 2008. /Lesprom.com/. IDB Holding Corp. Ltd., subsidiary Hadera Paper Ltd., to shut down its packaging materials production line for a week and send all the staff on leave. The decision was made following a drop in orders, although company managers made it clear that the fall affected exports only, with the local market accounting for most of the group's business.
Dec 10, 2008. /Lesprom.com/. IDB Holding Corp. Ltd., subsidiary Hadera Paper Ltd., to shut down its packaging materials production line for a week and send all the staff on leave, Globes reported. The decision was made following a drop in orders, although company managers made it clear that the fall affected exports only, with the local market accounting for most of the group's business.
Hadera Paper also said company CEO Avi Brener would be accepting a 10% pay cut in 2009, with 100 other managers in the group taking pay cuts of 5-8%.