After 40 years, the Arad Towels factory, which provided a living for many of the residents of Arad, has closed down. Most of its production will shortly be transferred to the US. Some 200 workers have been laid off. In addition, Flextronics, which provides contract production services to electronics companies, intends to lay off 15 employees at its production site in the city. The employees have been summoned for pre-dismissal hearings in the past few days, because of a drop in the volume of activity, senior managers at the company said.
Update October 27, 2014 - Liberman in Arad: We Must Find a Way to Keep Arad Towels Open IsraelNationalNews.com
Read the full article at Globes.co.il