The independent bakeries' union announces Sunday it was unilaterally raising the prices of subsidized bread. The move was made with out the Industry, Trade and Labor Ministry's approval.
The bakeries' union's attorney, Yoram Bonen, informed the ministry's supervisor of prices, Zvia Dori, of the union's intention: "The Bakeries asked (the Trade and Labor Ministry) to grant the price increase in early October, following a global 35.6% rise in wheat prices.
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| Subsidized bread prices to remain regulated / Tani Goldstein |
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Industry and Trade Minister Eli Yishai learns bakeries intend to raise bread prices by 50%, announces he will not sign final order canceling subsidies. 'Markup unacceptable,' he says |
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The bakeries' union's letter goes on to cite a legal loophole allowing them to take steps to circumvent the ministry's refusal by and unilaterally raise subsidized bread prices.
Industry, Trade and Labor Minister Eli Yishai told Ynet he regrets the bakeries' unilateral decision and intends to "push a bill granting special government funds to compensate the weaker social echelons most affected by the move."
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