The Dead Sea Works union is threatening to impose sanctions to back up a demand that management of Israel Chemicals Ltd. (ICL) grant workers better terms for revenue sharing. A final decision by the union is expected June 12 on whether and which sanctions to impose to back up their demands.
On June 10, ICL management announced that it would distribute $45 million in profits to the company’s 11,300 workers in Israel and abroad for 2012. The company also laid out guidelines for profit sharing in the coming years.
The Dead Sea Works union, the largest in ICL, charges that the terms of future distribution of profits would kick in only if the company has more than $4 billion in profits from 2012-2015. The union is demanding improved terms for profit sharing.