One third of staff at Israeli military industries to lose job

Israel has decided to privatize its military industries, according to Haaretza. The plan however would lead to about one-third of the Israeli military workforce being laid off.

The privitazation plan is expected to be sent to cabinet and Knesset for approval in the coming months.

The state-owned IMI company that developed Uzi but has struggled to stay afloat as a business over the past decade will be put up for sale in the next several months.