• Mon. May 20th, 2024

Israeli Economy Minister Calls for Boycott of Strauss and Osem Amidst Price Increase Allegations

BySamantha Nguyen

Mar 27, 2024
Nir Barkat Urges Public to Boycott Strauss, a Major Food Company in Israel

Israeli Economy Minister Nir Barkat has called for a boycott of Strauss, an Israeli food giant, and Osem, another food company, due to their failure to meet their commitments to freeze prices amidst a noticeable increase in the cost of living. The Strauss Group, which started as a small dairy producer in Nahariya in 1939, has grown into one of Israel’s largest food manufacturers, employing around 12,000 workers, with 6,500 based in Israel.

Barkat criticized Strauss for continuing to raise prices while distributing hundreds of millions of dollars in profits to its shareholders. He stated that the company complains about financial difficulties but fails to fulfill its promises to consumers. In response to this, Barkat announced the inclusion of a black sticker on products that have increased their prices during the ongoing war without government approval, urging consumers to boycott Strauss products.

The Israeli government is taking measures to protect consumers from unfair price hikes by placing companies on the economic blacklist/whitelist. By doing so, the government aims to hold businesses accountable for their actions and prevent them from taking advantage of consumers during times of economic hardship such as during the war.

By Samantha Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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