Israeli Economy Minister Takes On Food Manufacturers for Exploiting Consumers during Times of Peace and Conflict.

Nir Barkat urges public to boycott Strauss, criticizing food giant – Israel News

Food manufacturers in Israel have been under fire from Economy Minister Nir Barkat, who has accused Strauss and Osem of exploiting consumers during times of peace and conflict. Barkat’s disdain for the companies is evident as he urges consumers to boycott them due to their failure to keep prices frozen despite commitments to do so.

Strauss, a prominent food manufacturer in Israel since its establishment in 1939, has been considered a stable and significant player in the Israeli food industry. With around 12,000 employees, half of whom are based in Israel, the company has been known for its commitment to quality products and ethical business practices. However, this image has taken a hit after Barkat accused the company of 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. This move was seen as a way to hold companies accountable for their actions and protect consumers from price hikes. The Strauss Group was placed on the economic blacklist/whitelist for disregarding price freeze commitments during the ongoing war.

In addition to targeting Strauss, Barkat also called for a boycott of Osem as part of his efforts to protect consumers from rising prices. By choosing not to support companies on the blacklist, consumers can send a clear message against price hikes and unethical business practices. This move by Barkat is seen as an important step towards ensuring transparency and accountability in the Israeli food industry.

Overall, Barkat’s call for consumers to boycott these companies highlights the growing concerns about rising prices and unethical business practices in Israel’s food industry. It remains to be seen how effective this call will be in bringing about change, but it sends an important message about consumer rights and protection that should not be ignored by businesses or policymakers alike.

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