Bezeq Telecom to provision $30 mln for early retirement
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Bezeq Israel Telecom said on Wednesday it will record a charge of NIS 115.5 million ($30 million) in its 2015 financial results for an early retirement programme.
Bezeq, Israel's largest telecoms group, is provisioning NIS 103 million for the retirement of 78 workers in 2016, it said in a statement to the Tel Aviv Stock Exchange. Its board also authorised an additional expense of NIS 12.5 million for early retirement of workers in 2015, above a previously approved NIS 30 million.
