ROSH HA'AYIN, Israel, April 13, 2022 /PRNewswire/ -- Partner Communications Company Ltd. ("Partner" or the "Company") (NASDAQ: PTNR) (TASE: PTNR), a leading Israeli communications operator, reports that on April 12, 2022 the Company received notice of a labor dispute in accordance with the Settlement of Labor Disputes Law, 1957, that was announced by the new general employees union - cellular, internet and hi-tech employees union (the "Notice").
According to the Notice, the main issues disputed relate to the demand to sign a collective employment agreement in order to determine the rights of Partner employees and their employment security following the transaction for the sale of control of the Company to Amphissa Holdings Limited Partnership.
For further information, see the Company's Annual Report (on Form 20-F) for the year 2021 - "Item 3D. Risk Factors - Item 3D.2.k. The unionization of our employees has negatively affected and may continue to negatively affect our financial results." and "Item 6D. Employees".
In accordance with the Notice, Company employees that are employed under a collective employment agreement, may take organizational steps (including a labor strike) as of April 27, 2022.
The Company cannot assess at this stage the impact of the Notice or its realization.
About Partner Communications
Partner Communications Company Ltd. is a leading Israeli provider of telecommunications services (cellular, fixed-line telephony, internet and television services). Partner's ADSs are quoted on the NASDAQ Global Select Market™ and its shares are traded on the Tel Aviv Stock Exchange (NASDAQ and TASE: PTNR).
For more information about Partner see: http://www.partner.co.il/en/Investors-Relations/lobby
Deputy CEO & Chief Financial Officer
Tel: +972 (54) 781 4951
Head of Investor Relations & Corporate Projects
Tel: +972 (54) 781 5051
E-mail: [email protected]
SOURCE Partner Communications Company Ltd.