Tel Aviv — 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. The union has put off a decision, but is threatening to take unspecified action against the management over the issue. 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. In addition, the union is demanding a one-time grant of thousands of dollars per worker. Dead Sea Works union leader Edmond Lankri charged that senior management is being granted scandalous options packages at a time when the workers who are responsible for the company’s success will be given only a small part of the revenues. ICL management said in response that it is among the leading companies in Israel in benefits for workers and in revenue sharing. The statement added that the latest revenue sharing plan is on top of bonuses and other incentives that amount to thousands of dollars granted the company’s workers.
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