PWC News
Wednesday, June 17, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Pratt & Whitneys BTL plant in Nahariya to close

Home Business
Share on FacebookShare on Twitter



After a battle lasting a number of years, US aerospace producer Pratt & Whitney has lastly determined to close down the BTL (previously Blades Know-how Iscar) plant in Nahariya. The plant has 900 staff of whom 600 will lose their jobs and 300 shall be transferred to the manufacturing traces of the same plant in Tefen.

The plant was based in 1968 by Stef Wertheimer after the then French President Charles de Gaulle imposed an arms embargo on Israel following the Six Day Battle. The protracted battle to proceed BTL’s exercise has now ended with a sense of bitterness and heartache for a lot of the staff.

The battle has been waged by the Histadrut Basic Federation of Labor for greater than 4 years. At the start of 2025, a one-year extension was obtained delaying closure of the plant. In actuality, the extension has lasted 18 months.

Pratt & Whitney acquired the plant in 2014 from the Wertheimer household for an undisclosed quantity, a yr after the Wertheimers accomplished the sale of of its holdings in Iscar to Warren Buffett. The deal was value $6 billion (in two levels).

“There have been strikes, and arguments in Knesset committees and the manufacturing unit yard,” says a supply accustomed to the main points of the battle. “In the long run, you possibly can’t power an enormous like Pratt & Whitney to function the plant in Nahariya in opposition to its will. That is why it selected to cut back manufacturing in Israel and shut Nahariya.”

The supply says that about 600 staff “will retire or take early retirement, and those that do not will obtain elevated compensation. The collective settlement reached with Pratt & Whitney shall be carried out.”

The remaining 300 staff who’re supposed to maneuver to US firm’s extra plant in Tefen will work on a manufacturing line for manufacturing blades for jet engines “that produces virtually the identical factor,” he says. He provides, “The good ache is that an necessary plant in Israel has closed. A plant that employed a number of staff. It hurts as a result of what you produce in business in Israel at this time (blades) – you will not have the ability to make them tomorrow. And the State of Israel has already been within the midst of an embargo. So it is the state’s downside. However sadly the (former) ministers of economic system and protection have been unable to persuade the Individuals to maintain the plant.”

Printed by Globes, Israel enterprise information – en.globes.co.il – on June 16, 2026.

© Copyright of Globes Writer Itonut (1983) Ltd., 2026.  

Printed by Globes, Israel enterprise information – en.globes.co.il – on June 16, 2026.

© Copyright of Globes Writer Itonut (1983) Ltd., 2026.




Source link

Tags: BTLCloseNahariyaplantPratt
Previous Post

Bybit Launches RWA Earn With Plume And DigiFT For Tokenized Yield Access

Next Post

DHL Targets 5x Increase in Energy Transition-Related Revenues to €3 Billion by 2030 – ESG Today

Related Posts

Tamil Nadu pollution board drops scrutiny of Tata Electronics iPhone plant
Business

Tamil Nadu pollution board drops scrutiny of Tata Electronics iPhone plant

June 16, 2026
De Cecco snaps up Italian peer RossoGargano
Business

De Cecco snaps up Italian peer RossoGargano

June 16, 2026
NBFCs and private banks better positioned than PSU banks: Aman Chowhan
Business

NBFCs and private banks better positioned than PSU banks: Aman Chowhan

June 16, 2026
Dave & Buster’s targets over 0M in FY2026 free cash flow while keeping net CapEx at no more than 0M (NASDAQ:PLAY)
Business

Dave & Buster’s targets over $100M in FY2026 free cash flow while keeping net CapEx at no more than $200M (NASDAQ:PLAY)

June 16, 2026
Agentic AI systems are doing more and more work. Now humans need to figure out how to verify it all | Fortune
Business

Agentic AI systems are doing more and more work. Now humans need to figure out how to verify it all | Fortune

June 16, 2026
Ollie’s: Buying The Valuation Reset Despite A Messier Comp (NASDAQ:OLLI)
Business

Ollie’s: Buying The Valuation Reset Despite A Messier Comp (NASDAQ:OLLI)

June 15, 2026
Next Post
DHL Targets 5x Increase in Energy Transition-Related Revenues to €3 Billion by 2030 – ESG Today

DHL Targets 5x Increase in Energy Transition-Related Revenues to €3 Billion by 2030 - ESG Today

The war with Iran is making oil changes pricier. And a deal won’t solve it

The war with Iran is making oil changes pricier. And a deal won't solve it

5 Things to Know About Heat Pumps in 2026

5 Things to Know About Heat Pumps in 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Ripple News: Kalshi Launches XRP Perpetual Futures with Zero Trading Fees
Cryptocurrency

Ripple News: Kalshi Launches XRP Perpetual Futures with Zero Trading Fees

by PWC
June 10, 2026
0

Prediction market Kalshi introduced on Wednesday that XRP perpetuals at the moment are stay for buying and selling. This comes...

NBFCs and private banks better positioned than PSU banks: Aman Chowhan

NBFCs and private banks better positioned than PSU banks: Aman Chowhan

June 16, 2026
Conway’s Law: Your Operating Model Matters More Than The AI Model

Conway’s Law: Your Operating Model Matters More Than The AI Model

June 13, 2026
Hotel approved for Ben Gurion Airport

Hotel approved for Ben Gurion Airport

June 12, 2026
Tamil Nadu pollution board drops scrutiny of Tata Electronics iPhone plant

Tamil Nadu pollution board drops scrutiny of Tata Electronics iPhone plant

June 16, 2026
Four Data Center Leaders to Invest In – Nanalyze

Four Data Center Leaders to Invest In – Nanalyze

June 13, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.