The Mishmar Company has closed its doors resulting in 700 employees losing their jobs. The company provided security and cleaning services.

Yossi Liav explained that he was compelled to shut down as result of climbing debts, explaining clients are not paying and he is owed over NIS 1 million. He added that the banks will not extend him credit, compelling the decision to shut down.

(Yechiel Spira – YWN Israel)