BEZEQ THE ISRAEL TELECOMMUNICATION CORP. LTD Bezeq - The Israel Telecommunications Corp. Ltd.
(the "Company")
December 14, 2023
Attn. Attn.
Israel Securities AuthorityTel Aviv Stock Exchange Ltd.Re:Immediate report - approval of early retirement of employees
On December 13, 2023, the Company's board of directors approved, as part of the implementation of the efficiency plan and in accordance with the Company's collective bargaining agreement, the retirement of approximately 50 tenured employees during the year 2024 on an early retirement track at a total cost of NIS 55 million.
In light of the above, the Company is expected to record in its financial statements for the fourth quarter of 2023 an expense in accordance with the aforementioned amount.
Yours sincerely,
"Bezeq" The Israel Telecommunication Corp Limited
The above information constitutes a translation of theImmediate Reportpublished by the Company. The Hebrew version wassubmitted by the Company tothe relevant authorities pursuant to Israeli law, and represents the bindingversion and the only onehaving legal effect. This translation was preparedfor convenience purposes only.
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Bezeq The Israel Telecommunication Corporation Ltd. published this content on 14 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 December 2023 08:33:29 UTC.
