• Mon. May 20th, 2024

Barkat Calls for Boycott of Israeli Food Giants Amid Rising Costs of Living

BySamantha Jones

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

In recent times, the Israeli government has taken a stand against two of its largest food manufacturers for their failure to meet consumer expectations. Economy Minister Nir Barkat called for a boycott of Strauss and Osem due to their inability to freeze prices amid rising costs of living.

The Strauss Group, founded in 1939 as a small dairy producer in Nahariya, is now one of Israel’s largest food manufacturers, with over 12,000 workers, including 6,500 based in Israel. Despite facing financial difficulties, the company continues to increase prices while distributing hundreds of millions of dollars in profits to shareholders. This has prompted Barkat to criticize Strauss for not fulfilling its promises to consumers and engaging in unethical business practices.

In response to this criticism, Barkat announced that products that have increased their prices during the ongoing war without government approval will be marked with a black sticker. He urged consumers to boycott these products as a way of holding the company accountable for its actions and protecting the interests of ordinary citizens.

Barkat also targeted Osem for similar reasons, emphasizing the importance of punishing companies that exploit consumers during times of economic hardship, such as during wartime. By placing companies on the economic blacklist/whitelist, the government aims to protect consumers from unfair price hikes and hold businesses accountable for their actions.

Overall, Barkat’s call for a boycott sends a clear message that businesses must prioritize the needs and well-being of their customers over profit margins. It remains to be seen whether these actions will succeed in bringing about meaningful change or if they will simply lead to further exploitation by other companies in the industry.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

Leave a Reply