Zim Urges Government To Split Company


News: Israel's Zim Integrated Shipping Services (Zim) has urged the government to accelerate the implementation of a decision on dividing the company into two independent foreign and domestic entities. The Israeli government, which is against the move, is the owner of a golden share in the company and holds a veto. Israeli trade unions are also believed to be against the move. Zim said a delay in the decision would hit the company's competitiveness and would cause difficulties in the formation of joint ventures.

This article is tagged to:
Sector: Freight Transport, Shipping
Geography: Israel, Israel, Israel, Israel

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