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10,000 Israelis could lose jobs due to budget cuts

Israel's security body is to present its direct evaluation of the cuts to the military budget in a meeting with Israeli Prime Minister Benjamin Netanyahu, estimating that the cuts would lead to around 10,000 military industry layoffs before the end of the year.

According to the Israeli newspaper Maariv, which published the story on Sunday, the layoffs would start before the end of the year should the government fail to rescind its decision to cut the budget.

The workers most vulnerable are those employed with Israeli military factories, micro military projects and with the different companies offering military services to the Israeli occupation forces.

Maariv reported that the security body is refusing to disclose more data about the budget cuts until the meeting with Netanyahu.

Analysts also expect that cuts to the military budget would harm the official Israeli army, reserve forces and military exercises.

Middle EastNews
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