Mataf

The board of directors of the First International Bank has approved the merger of its technological subsidiary into the parent organization. The move is intended to streamline resources, strengthen digital innovation, and simplify the group's organizational structure.

The conflict between First International Bank management and its subsidiary technology company, Mataf, is escalating over a dispute regarding work-from-home policies. The Histadrut union has warned of a potential general strike.

First International Bank has decided to merge its technology subsidiary, Mataf, into its core operations. The bank aims to enhance efficiency and integrate technological development directly into its banking infrastructure.

Following the management's decision to reassign IT staff to branches and alter remote work policies, the workers' committee has announced an escalation of industrial action. Measures include freezing activity in the Jira task management system and halting all non-essential corporate communication.