Ofer Bloch reached an agreement with Shufersal on the termination of the transaction as CEO

by time news

It was expected that when Aberkhan returned to Shufersal, Ofer Bloch would end his career at the company, and indeed today the company reports that an agreement was signed to terminate the employment of the fired CEO.

According to the agreement, Bloch will receive a salary of 3 salaries from Shufersal


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At a value of about NIS 400,000 in excess of the NIS 1.1 million due to him under the agreement. Shufersal wanted to pay Bloch only what he deserved according to the agreement, ie NIS 1.1 million for six months’ salary, but Bloch demanded an additional 800,000.

Bloch had earlier been summoned to a pre-dismissal hearing but was later canceled and the parties entered into accelerated negotiations which have now come to a successful conclusion.

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