DeFi Daily News
Saturday, August 1, 2026
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

[gpt3]rewrite this title and make it good for SEOPratt & Whitneys BTL plant in Nahariya to close[/gpt3]

Hezi Sternlicht by Hezi Sternlicht
June 16, 2026
in Business Finance
0 0
0
[gpt3]rewrite this title and make it good for SEOPratt & Whitneys BTL plant in Nahariya to close[/gpt3]
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

After a struggle lasting several years, US aerospace manufacturer Pratt & Whitney has finally decided to shut down the BTL (formerly Blades Technology Iscar) plant in Nahariya. The plant has 900 employees of whom 600 will lose their jobs and 300 will be transferred to the production lines of a similar plant in Tefen.

The plant was founded in 1968 by Stef Wertheimer after the then French President Charles de Gaulle imposed an arms embargo on Israel following the Six Day War. The protracted struggle to continue BTL’s activity has now ended with a feeling of bitterness and heartache for most of the workers.

The struggle has been waged by the Histadrut General Federation of Labor for more than four years. At the beginning of 2025, a one-year extension was obtained delaying closure of the plant. In reality, the extension has lasted 18 months.

Pratt & Whitney acquired the plant in 2014 from the Wertheimer family for an undisclosed amount, a year after the Wertheimers completed the sale of of its holdings in Iscar to Warren Buffett. The deal was worth $6 billion (in two stages).

“There have been strikes, and arguments in Knesset committees and the factory yard,” says a source familiar with the details of the struggle. “In the end, you can’t force a giant like Pratt & Whitney to operate the plant in Nahariya against its will. That’s why it chose to reduce production in Israel and close Nahariya.”

The source says that about 600 workers “will retire or take early retirement, and those who don’t will receive increased compensation. The collective agreement reached with Pratt & Whitney will be implemented.”

The remaining 300 workers who are supposed to move to US company’s additional plant in Tefen will work on a production line for manufacturing blades for jet engines “that produces almost the same thing,” he says. He adds, “The great pain is that an important plant in Israel has closed. A plant that employed a lot of workers. It hurts because what you produce in industry in Israel today (blades) – you won’t be able to make them tomorrow. And the State of Israel has already been in the midst of an embargo. So it’s the state’s problem. But unfortunately the (former) ministers of economy and defense were unable to convince the Americans to keep the plant.”

Published by Globes, Israel business news – en.globes.co.il – on June 16, 2026.

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

Published by Globes, Israel business news – en.globes.co.il – on June 16, 2026.

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


and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BTLclosegpt3Goodgpt3rewriteNahariyaplantSEOPratttitle
ShareTweetShare
Previous Post

SpaceX sparks record retail demand as investors chase the next frontier

Next Post

Iran War Update: Trump Says Netanyahu Should Be More Responsible With Lebanon

Next Post
Iran War Update: Trump Says Netanyahu Should Be More Responsible With Lebanon

Iran War Update: Trump Says Netanyahu Should Be More Responsible With Lebanon

Leave a Reply Cancel reply

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

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title and make it good for SEOOakmark Fund U.S. Equity Market Q2 2026 Commentary

rewrite this title and make it good for SEOOakmark Fund U.S. Equity Market Q2 2026 Commentary

July 13, 2026
rewrite this title Michael Carrick: Man United have ‘great foundation’ before Arsenal ‘challenge’

rewrite this title Michael Carrick: Man United have ‘great foundation’ before Arsenal ‘challenge’

January 24, 2026
“The Sky Is Falling But I Feel Great Going Forward” – Boston Connor On Patriots Super Bowl Loss

“The Sky Is Falling But I Feel Great Going Forward” – Boston Connor On Patriots Super Bowl Loss

February 9, 2026
Credit analyst: Nvidia has a strong balance sheet

Credit analyst: Nvidia has a strong balance sheet

August 29, 2024
rewrite this title and make it good for SEONational Liquidators and Their Retail Importance

rewrite this title and make it good for SEONational Liquidators and Their Retail Importance

October 28, 2024
BYD Quarterly Sales Beat Tesla for First Time

BYD Quarterly Sales Beat Tesla for First Time

October 31, 2024
rewrite this title Cybersecurity experts fault Anthropic and OpenAI for sloppy safeguards and inadequate human oversight after their models broke into outside organizations (Bloomberg)

rewrite this title Cybersecurity experts fault Anthropic and OpenAI for sloppy safeguards and inadequate human oversight after their models broke into outside organizations (Bloomberg)

July 31, 2026
DARKEST Moment in Bitcoin HAPPENING NOW!! (ACT QUICKLY)

DARKEST Moment in Bitcoin HAPPENING NOW!! (ACT QUICKLY)

July 31, 2026
rewrite this title and make it good for SEOTrump orders Iran attack as soon as this weekend, WSJ says | Fortune

rewrite this title and make it good for SEOTrump orders Iran attack as soon as this weekend, WSJ says | Fortune

July 31, 2026
rewrite this title The CFTC orders ex-GOP Rep. George Santos to pay ,000 over trades on Kalshi

rewrite this title The CFTC orders ex-GOP Rep. George Santos to pay $35,000 over trades on Kalshi

July 31, 2026
rewrite this title From crypto treasury to AI data centers: Inside the aggressive 4,375 ETH selloff that just hit a massive collateral wall

rewrite this title From crypto treasury to AI data centers: Inside the aggressive 4,375 ETH selloff that just hit a massive collateral wall

July 31, 2026
We Tried Every Viral Challenge At Once | VIVA TV

We Tried Every Viral Challenge At Once | VIVA TV

July 31, 2026
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.