December 12, 2016 / 2:03 PM / 9 months ago

BRIEF-Partner Communications says to reduce about 90 positions

Dec 12 (Reuters) - Partner Communications Company Ltd

* Cost of 2018 economic chapter is estimated at approximately nis 23 million

* Partner communications company ltd - cost of 2018 economic chapter is estimated at about nis 23 million

* Partner communications co - as a result of retirement plan, estimates that onetime expense will be recorded in q4 of 2016 in amount of about nis 12 million

* Agreement includes an economic chapter that is valid for years 2017 and 2018

* Company undertakes to reduce approximately 90 positions

* Cost of 2017 economic chapter estimated approximately nis 7 million in addition to implementation of 2016 economic chapter

* Company undertakes to reduce approximately 90 positions, mainly as part of retirement plan

* Total estimated amount of expense in 2017 is expected to be higher than 2016 by about nis 17 million

* Partner Communications announces it has reached understandings with the employees’ representatives and the histadrut regarding the collective employment agreement Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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