Benny Landa, along with other shareholders, Aaron Frenkel and Dudi Weisman, have agreed to inject capital into Lusix, the laboratory diamond company, to cover August salaries for all employees and provide severance pay for those who were laid off, including the cost of the 30-day advance notice.
Lusix, which is burdened with a debt of 103 million shekels (approximately $28 million), recently submitted a request to the district court for a stay of proceedings under Section 4 of the Insolvency Law. The company placed 60 of its 90 employees on unpaid leave, leading the employees, represented by attorney Ofir Ronen, to file an objection to the order. They claimed that the company had failed to pay August salaries and retirement benefits to…
