“The drop in the dollar exchange rate has ceased impacting us. It has already passed to another stage, to where it is killing us, choking. Even still, they raised our taxes, the municipal tax (arnona) soared, fuel rose 7%, and if all that wasn’t enough, now they throw a raise in the minimum wage at us. They’re killing us slowly, and the situation with the dollar doesn’t help the health of any manufacturer.” Electronic components manufacturer RH Technologies chairman Yakov Rosenberg told “Globes” this morning.
But Rosenberg added, “We are continuing to battle - but there is nowhere anymore. We are beginning to take into calculation possible cuts to the workforce, because there is nothing to do - sometimes it is better to cut off a leg in order to save the rest of the body. We need a damage assessment in light of the economic decrees which have frequently fallen on us recently.”
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