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[–]FreedomUltd[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

📝Israeli companies continue to go bankrupt

The DIMAR company, located in Shlomi near the border with Lebanon, urgently requested a hearing after facing a debt of 24 million shekels, to issue an order for handling and halting proceedings for the recovery and revival of the company to be presented to the Haifa District Court.

This company was founded in 1960 and is one of the most well-known manufacturers in the world of cutting equipment, products, and tools used for processing other materials such as plastic, aluminum, complex materials, etc.

With the start of the Al-Aqsa Flood and the opening of the northern front, constant barrages of fire began from Lebanon, which affected Shlomi. According to the emergency guidelines, the settlement was evacuated in a way that hindered the factory to continue its operations, effectively bringing an abrupt end to the company's activities.

The complete cessation of factory operations led to most factory workers (about 60 people), locals of the area, to collectively lose their jobs. The war turned the company into its worst crisis in history, as since then, due to the security situation, access to the factory has been restricted and its operations have been completely halted.