Court expected to rule in favor of Agrexco’s liquidation today

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State lashes back at institutionals for slackness, ignoring bad signs.

Agrexco may become history today: The court is expected to rule on the company’s liquidation after bondholders rejected a creditors’ arrangement proposed by trustee manager Shlomo Nass. Meanwhile, the produce export company’s workers will be demonstrating outside the home of Agriculture Minister Orit Noked today to protest the state’s refusal to help anymore. Another demonstration is planned at the Agrexco pier at Ashdod Port.

The state has abandoned its responsibility for the company and its 470 workers, the latter claim. Union chief Shaul Tzivoni accused Noked of sticking her head into the sand despite repeated pleas from the company’s workers and her own staff to save Agrexco. “We still expect you to do everything in your power to prevent the destruction of Israel’s agricultural export industry,” Tzivoni said in a public address to the minister. Noked’s office did not comment for this report.

To read the entire article, visit: Haaretz.com | By Amiram Cohen

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