NETANYA, Israel, Sept. 24, 2019 /PRNewswire/ -- Cellcom
Israel Ltd. (NYSE: CEL) (TASE: CEL) (hereinafter: the "Company")
announced today that following its recently announced comprehensive
restructuring plan for the Company, the Histadrut, the union
representing the Company's employees sent the Company a labor
dispute announcement. Under the announcement, the Company's
employees would be entitled to take organizational steps (including
a strike), as of October 10,
2019.
Notwithstanding the aforesaid, the employees' representatives
commenced a sudden and unlawful strike encompassing the vast
majority of the Company's operations. The Company intends to take
all necessary measures in order to minimize adverse effects to the
Company's operations but cannot assure their success. At this
preliminary stage, the company is unable to assess the effects
of the strike or other organizational steps.
For additional details, see the Company's annual report on Form
20-F for the year ended December 31,
2018 filed on March 18, 2019,
or 2018 20-F, under ITEM 3. Key Information. - D. Risk
Factors - "The unionizing of our employees may impede necessary
organizational and personnel changes, result in increased costs or
disruption to our operation" and Item 6. "Directors, senior
management and employees – D. Employees" and the Company's current
report on form 6-K dated September 23,
2019.
About Cellcom Israel
Cellcom Israel Ltd., established in 1994, is a leading Israeli
communications group, providing a wide range of communications
services. Cellcom Israel is the largest Israeli cellular provider,
providing its approximately 2.745 million cellular subscribers (as
at June 30, 2019) with a broad range
of services including cellular telephony, roaming services for
tourists in Israel and for its
subscribers abroad, text and multimedia messaging, advanced
cellular content and data services and other value-added services
in the areas of music, video, mobile office etc., based on Cellcom
Israel's technologically advanced infrastructure. The Company
operates an LTE 4 generation network and an HSPA 3.5 Generation
network enabling advanced high speed broadband multimedia services,
in addition to GSM/GPRS/EDGE networks. Cellcom Israel offers
Israel's broadest and largest
customer service infrastructure including telephone customer
service centers, retail stores, and service and sale centers,
distributed nationwide. Cellcom Israel further provides OTT TV
services, internet infrastructure and connectivity services and
international calling services, as well as landline telephone
services in Israel. Cellcom
Israel's shares are traded both on the New York Stock Exchange
(CEL) and the Tel Aviv Stock Exchange (CEL). For additional
information please visit the Company's website
http://investors.cellcom.co.il.
Company Contact
Shlomi Fruhling
Chief Financial Officer
investors@cellcom.co.il
Tel: +972 52 998 9735
Investor Relations Contact
Ehud Helft
GK Investor & Public Relations In partnership with
LHA
cellcom@GKIR.com
Tel: +1 617 418 3096
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SOURCE Cellcom Israel Ltd.