By David Rosenberg
July 1 (Bloomberg) -- The Tel Aviv Stock Exchange will shut today after employees declared a one-day strike to protest against the lack of progress on contract negotiations, a union official said.
Employees refused to operate computers today because of a failure by management to conduct ``serious negotiations'' over the past six weeks, Amir Sheftel, who represents the Histadrut labor federation in the Tel Aviv area, said in a phone interview.
A spokeswoman for the TASE was unable to confirm immediately that trading was suspended.
To contact the reporter on this story: David Rosenberg in Jerusalem at drosenberg1@bloomberg.net
Last Updated: July 1, 2008 02:20 EDT
Tuesday, July 1, 2008
Tel Aviv Stock Exchange Shut as Union Declares Work Stoppage
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