Internet Gold Golden Lines layoffs, on the record
Every job cut, severance charge and restructuring Internet Gold Golden Lines reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from 11,901 to 11,132.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2016 | 11,901 | December 31, 2016 |
| 20-F for 2017 | 11,677 | December 31, 2017 |
| 20-F for 2018 | 11,132 | December 31, 2018 |
Job cuts, severance and restructuring
Our summaryBezeq's employee count fell in 2016 mainly because of streamlining from process improvements and technological developments in customer interfaces.
Word for word“The decrease in the number of employees in 2016 compared with 2015 stems primarily from streamlining as a result of continued improvement of processes and technological developments in the interface with the customers.” 20-F for 2016
Our summaryBezeq may, at its discretion, terminate the employment of a set number of permanent employees each year under its retirement arrangements.
Word for word“As part of the retirement arrangements, Bezeq may, at its discretion, terminate the employment of 203 permanent employees (including new permanent employees) each year (relevant for 2017-2021).” 20-F for 2016
Our summaryPelephone's employee count and positions declined during 2016 across its departments.
Word for word“The total number of positions at Pelephone at December 31, 2016 was 2,176 and 2,234 at December 31, 2015.” 20-F for 2016
Our summaryBezeq recorded a provision for severance pay on early retirement within other operating expenses.
Word for word“Provision for severance pay in early retirement 176 117 96 Profit from the sale of Coral Tell shares (582 ) - - Capital gain from sale of property plant and equipment (124 ) (136 ) (86 ) Others (5 ) 22 11 (535 ) 3 21 F- 88 Internet Gold – Golden Lines Ltd.” 20-F for 2016
Our summaryBezeq International's employee count fell during 2016, with sales and service representatives declining.
Word for word“Sales and service representatives 736 809 Total 1,905 1,966 - 68 - Bezeq International has a number of employee groups whose wage structure includes a component of performance-linked commissions and incentives.” 20-F for 2016
Our summaryDBS headcount was reported at year end 2016 with a lower count than 2015, and the filing describes restructuring plans as a risk requiring coordination with employee bodies.
Word for word“As of December 31, 2015, the Bezeq Group employed 12,615 persons, of whom 5,986 persons were employed by Bezeq, 2,679 persons were employed (or otherwise retained) by Pelephone, 1,966persons were employed by Bezeq International and 1,984 persons were employed by DBS.” 20-F for 2016
Our summaryBezeq reduced its headcount through streamlining from continued process improvement and technological developments, with the Bezeq employee count falling from 5,649 to 5,582.
Word for word“The decrease in the number of employees in 2017 compared with 2016 stems primarily from streamlining as a result of continued improvement of processes and technological developments in the interface with the customers.” 20-F for 2017
Our summaryBezeq Group recorded a provision for severance pay on early retirement in other operating expenses.
Word for word“Provision for severance pay in early retirement 117 96 23 Capital gain from sale of property plant and equipment (136 ) (86 ) (27 ) Others 22 11 24 3 21 149” 20-F for 2017
Our summaryDBS workers' union declared a labor dispute and intention to strike over proposed structural reforms that include layoffs, and a special collective agreement was signed in January 2018 to implement structural changes.
Word for word“Following the announcement by the National Labor Federation in November 2017 of a labor dispute and the intention to strike, which, according to the announcement, is due to the proposed structural reforms and changes in DBS, that includes proposed layoffs, a special collective agreement was signed in January 2018.” 20-F for 2017
Our summaryEarly retirement liability for current employee benefits decreased from 82 to 16 NIS million.
Word for word“Early retirement 82 16 Current maturities of pensioner benefits 7 7 Total current liability for employee benefits 315 280” 20-F for 2017
Our summaryAfter a labor dispute over proposed structural reforms and layoffs at DBS, a special collective agreement was signed to carry out the changes through an agreed mechanism.
Word for word“Following the announcement by the National Labor Federation in November 2017 of a labor dispute and the intention to strike, which, according to the announcement, is due to the proposed structural reforms and changes in DBS, that includes proposed layoffs, a special collective labor agreement was signed in January 2018.” 20-F for 2018
Our summaryThe group recorded a large provision for severance pay on early retirement in 2018.
Word for word“Provision for severance pay in early retirement, see note 20E 96 23 559 Capital gain from sale of property plant and equipment (86 ) (27 ) 1 Profit from sale of an associate - - (15 ) Provision for claims - 19 91 Others 11 5 (1 ) 21 20 635 F- 108 Internet Gold – Golden Lines Ltd.” 20-F for 2018
Our summaryBezeq's headcount fell in 2018 because of streamlining from process improvements and technology.
Word for word“The decrease in the number of employees in 2018 compared with 2017 stems primarily from streamlining as a result of continued improvement of processes and technological developments in the interface with the customers.” 20-F for 2018
Internet Gold Golden Lines has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Internet Gold Golden Lines’s annual reports (20-F for 2018, 20-F for 2017, 20-F for 2016) and the financial data it files with the SEC, as of 2019-05-15. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.