Israeli Government Slams Strauss Food Manufacturer for Violating Price Freeze Commitments; Calls for Consumer Protection Regulation

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

In recent times, the Israeli government has taken a stance against food manufacturing companies that have violated their commitments to keep prices frozen. Economy Minister Nir Barkat has expressed his disdain towards Strauss, a prominent food manufacturer in Israel since its establishment in 1939 as a small dairy producer in Nahariya. Despite its commitment to price freezes, Strauss Group distributed hundreds of millions of dollars in profits to shareholders while claiming financial difficulties.

Barkat criticized the company for this move and emphasized the importance of consumer protection regulation. He announced that products that had raised prices without government approval would carry a black sticker, which would help consumers make informed purchasing decisions. The announcement was accompanied by the inclusion of Strauss on the economic blacklist for disregarding price freeze commitments during ongoing conflict.

In addition to targeting Strauss, Barkat also called for a boycott of Osem, another food company, as part of his efforts to protect consumers from rising prices. Companies placed on the economic blacklist/whitelist are subject to public scrutiny, and Barkat urged the Israeli public to hold accountable those who exploit them during times of peace and conflict. By choosing not to support companies on the blacklist, consumers can send a clear message against price hikes and unethical business practices.

Strauss Group has been considered a stable and significant player in the Israeli food industry since its establishment over eight decades ago. With around 12,000 employees, half of whom are based in Israel, it has been known for its quality products and commitment to innovation.

However, recent developments have tarnished its reputation. Barkat’s call for a boycott is just one example of how businesses can be held accountable for their actions when they fail to honor their commitments or engage in unethical practices.

As consumers become more aware of these issues and take action by boycotting companies that violate their trust, it sends a strong message about what is expected from businesses operating in Israel.

Overall, it is important for consumers to exercise caution when making purchasing decisions and support companies that prioritize ethical business practices and transparency over profits.

Leave a Reply