CAREER SEMINAR

Wednesday, December 4, 1996

Holiday Inn
17123 Laurel Park Road
Livonia

6:00 p.m.

Career in Financial Services

We are a leading financial services organization
experiencing major growth and need to expand our
professional sales and marketing staff in the
Detroit and surrounding suburban area.
Find out what MetLife can do for you. Starting
income up to $800 per week initial financing. One
of the Best training programs in the industry.
Attractive benefit package.

To reserve your place at the seminar, phone, fax or send resume to:

MetLifo)

MetLife Insurance Companies
25300 Telegraph Rd., Suite 450
Southfield, MI 48034

PH: 810-746-4274
FAX: 810-746-0639

Equal Opportunity Employer
MetLife Insurance Companies, New York, NY

94099CS (Exp 0999) MLIC-LD

Here's a rare opportunity for Detroit to see an
extraordinary collection of treasured possessions that
immigrants brought from their homelands!

BECOMING AMERICAN WOMEN:

Clothing and the Jewish
Immigrant Experience
1880-1920

THE DETROIT JEWISH NEWS

This unique exhibition was created in Chicago and
has been seen in only a few cities. This showing in Detroit
is the last of the tour, so don't miss it! There is also a
special section - a collection of photographs of those
who came to Detroit to find a better life:

56

The Jewish Immigrant
Experience in Michigan

AV IF OPEN FOR A LIMITED TIME!

Detroit Historical Museum
5401 Woodward at Kirby
Detroit
For hours and information, call
(313) 833-1805

Anna Steinberg Prentis, circa 1914.

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4

FAMILIES page 55

to bask in the relative decline, not-
ing that the figures were still high.
"There is no reason for cele-
bration here," he said.
The government's findings are
based on a survey conducted by
the Central Bureau of Statistics.
The study also included, for the
first time, Arab settlements of at
least 2,000 inhabitants.
The sharpest decline in pover-
ty was detected among single-par-
ent families, from 36.8 percent to
25.7 percent. Among new immi-
grants, poverty declined last year
by 2 percent, while the percent of
non-Jewish families which were
poor declined from 38.5 percent
to 31.2 percent.
The survey also showed that
Israel's poorest cities are Bnei
Brak, Jerusalem and Beersheba.

Scitex Plans
Staff Cuts

jobless.
Measures must be implement-
ed "that will bring an improve-
ment in the condition of the
families of unemployed people, in-
cluding increasing skill levels in
the workforce and the reassign-
ment of duties in the workplace,"
said Mr. Yishai.
Separately, the seasonally ad-
justed number of Israelis regis-
tered as actively seeking
employment fell 3.2 percent in Oc-
tober to 118,500, the Ministry of •
Labor and Sobial Affairs report-
ed.
The number of younger job-
seekers (under 35) fell as a pro-
portion of the total, to 452 percent
from 46 percent in September.
There was a marked increase
in the number of Arab jobseekers
last month, up 700 to 9,200.

•

Histadrut Sells
Hapoalim Stake

Jerusalem (JPFS) — Scitex Cor-
poration Ltd., the former crown- Jerusalem (JPFS) — U.S. busi-
prince of Israeli high-tech nessman Jeffrey Kiel is expect-
companies, announced it will lay ed to sign an agreement to
off 17 percent of its internation- purchase the Histadrut's hold-
al workforce and close major fa- ings in Bank Hapoalim, His-
cilities in the United. States and tadrut treasurer Shmuel Avital
throughout Europe. @Regular said.
Copy:Scitex also announced that
The purchase is part of Mr.
Mendy Erad, managing direc- Kiel's plans to gain control of the
tor of Clal Electronics Industries bank as part of a consortium
Ltd. and a director of Scitex since headed by Israeli businessman
la st year, has been appointed vice
Eliezer Fishman.
chairman of the board. He suc-
The Histadrut, Israel's labor
ceeds John Georges, who recent- federation, will sell Mr. Kiel its
ly resigned.
3 percent stake in Bank Hapoal-
The restructuring follows the an- im at a price above the shares'
nouncement of Scite.x's third-quar- value on the Tel Aviv Stock Ex-
ter losses, which totalled $151 change.
million, two-and-a-half times
Mr. Avital emphasized that
more than the company predict- the sale will enable the His-
ed.
tadrut to repay a $50 million
Net losses for the same period in loan. During the last few
1995 totalled $30 million. Third months, the financially troubled
quarter revenues were also down Histadrut has experienced
from $185 million in 1995 to $142 many hardships in financing its
million this year.
ongoing operations, mainly be-
The Herzliya-based manufactur- cause of the very large debts it
er of communication products will has accumulated over the years.
focus its restructuring efforts on
For more than a year the His-
its largest division, graphic arts. tadrut has been negotiating
The division employs 2,500, or 69 with several potential investors
percent, of Scitex's 3,600 workers. to sell its shares in Bank
Hapoalim. Serious negotiations
with Mr. Kiel, commenced about
six weeks ago. Mr. Kiel will pur-
chase the shares via an invest-
ment fund that was established
Jerusalem (JPFS) — Labor and about six months ago in order to
Social Affairs Minister Eli Yishai invest in Israel. The $500 mil-
called on his ministry to aim to re- lion fund was founded in part-
nership with U.S. investment
duce unemployment in 1997.
bank
While the Treasury has made pany. Lazard Freres and Com-
it clear since July it expects a 0.5
Mr. Kiel, who in the past
percent increase in unemploy-
ment to 6.6 percent next year, the served as president of the Re-
Labor and Social Affairs Ministry public New York Corp. also in-
said it wants to see a decline. tends to participate in the Israel
However, no specific targets were government's sale of its shares
in Bank Hapoalim in partner-
quoted.
Mr. Yishai said by concentrat- ship with Fishman, American
ing efforts on employment Financial and Reliance.
The consortium intends to
blackspots and offering vocation-
al training, there will be an even- purchase 35 percent of the
tual decrease in the number of bank's shares.

Unemployment Plan
Seeks Reduction

14

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