The call-up of about 350,000 reserve soldiers caused… Israel A number of them lost their jobs, in addition to losses suffered by other soldiers' companies that amounted to their sale as debts piled up, according to a case highlighted by the Jerusalem Post.
Liquidation of the company
The Israeli journalist mentioned – in her report – that reserve soldier Gal Anav, who is participating in the war on Gaza Since its inception, he was forced to announce the liquidation of his company due to the financial pressures resulting from his long reserve service, after he shared what he experienced on social media, asking for support and understanding from followers.
Anaf, the owner of a company in Jaffa that has been running a furniture store for nine years, had spent his extended military service leaving the company on the verge of collapse. He was now in debt millions of shekels, and faced an uncertain future when he returned from reserve service, according to the newspaper.
Anaf said, in a post on Facebook, that since his recruitment, the business has been paralyzed, with financial difficulties, including declining income and the inability to fulfill the terms of the lease, expressing his frustration at the lack of support, and the failure of his friends and colleagues’ attempts to keep the company on its feet, especially since Activity declined in the city of Jaffa, which exacerbated its financial difficulties.
Among the reasons for Anaf’s frustration – according to the newspaper – is that he did not obtain an exemption from commercial real estate taxes during his military service, while the Tel Aviv municipality, like other municipalities, is obligated to collect them.
The newspaper quoted the Tel Aviv Municipality as being committed to the law and lacking the authority to suspend commercial property tax payments. A spokesman for it said – in a statement – that “the authority to grant an exemption or suspend commercial property tax payments rests with the government, not the local authority. We hope that the state will implement it soon.” An economic plan to support all reservists in need, especially those who own businesses.”
Anaf had previously indicated that he was not eligible to receive the compensation stipulated in the law, expressing his concern about his financial future, according to the newspaper.
Amid these challenges, the soldier called on his friends and supporters to help him by sharing his liquidation expert (discount selling) in preparation for selling his company, and many Israeli influencers have since participated in it, according to the journalist.
Anaf expressed his hope that this step would protect him from further debt, while thinking about the uncertain future that awaits him once he returns from the war.
Earlier, the Israeli economic newspaper Globes reported that Many business owners are urging their employees to return to work due to the significant damage they suffered as a result of the Gaza war.
According to the newspaper, the war on Gaza put business owners in Israel in a confusing position. On the one hand, they must continue to work while providing emotional support to employees who are called into the Army Reserve. On the other hand, the law prevents them from firing employees who have been serving in the reserve for several months.
She adds that the damage to employers is great, as the grants do not cover the full cost of these absent employees, from paying social insurance contributions to even the losses resulting from the worker’s absence.
Before that, Globes newspaper quoted Israeli Finance Minister Bezalel Smotrich as saying that business owners, or partners in companies of soldiers, will receive compensation, as part of a plan he announced with Defense Minister Yoav Galant, in which the grants they will receive are equivalent to what residents of the Gaza-enveloping settlements receive. They were evacuated, as well as full compensation for their losses due to their presence in reserve and an additional 6 months after the end of their call-up period to help in the recovery of their companies.
The volume of investment in Israeli startups declined significantly due to the repercussions Operation Al-Aqsa Flood.