Tue. Jun 25th, 2024
Nir Barkat urges public to boycott Strauss, criticizing food giant – Israel News

Since its establishment in 1939 as a small dairy producer in Nahariya, the Strauss Group has been a prominent food manufacturer in Israel. With around 12,000 employees, half of whom are based in Israel, Strauss has been considered a stable and significant player in the Israeli food industry. However, recently, Economy Minister Nir Barkat expressed his disdain towards Strauss due to its failure to keep prices frozen despite commitments to do so. Barkat criticized the company for distributing hundreds of millions of dollars in profits to shareholders while claiming financial difficulties.

Barkat emphasized the importance of consumer protection regulation and announced the inclusion of a black sticker on products that have raised prices without government approval. The company’s entry into the economic blacklist was accompanied by Barkat’s call to boycott Strauss as part of his efforts to protect consumers from rising prices. By choosing not to support companies on the blacklist/whitelist, consumers can send a clear message against price hikes and unethical business practices.

In addition to targeting Strauss, Barkat also called for a boycott of Osem, another food company, as part of his efforts to protect consumers from rising prices. Companies placed on the economic blacklist/whitelist are subject to public scrutiny, and Barkat urged the Israeli public to hold accountable those who exploit them during times of peace and conflict. This move by Barkat is aimed at ensuring that businesses act ethically and responsibly towards their customers and not prioritize profits over people’s well-being during challenging times.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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