Israel’s textile industry will hire 150 new employees as production hit crisis and demand outstrips supply, state news agency Ynet reported Sunday.
The ministry of industry and trade announced that the government would provide a “minimum of $1,500 per month” for new hires, according to the agency’s online statement.
It did not say how many workers would be hired or what they would be doing.
The textile industry, which employs about a million people, is struggling with a glut of cheap, high-quality yarns, which is needed to make garments for consumers in Europe and the United States.
The shortage of yarn has put a strain on the industry, with manufacturers scrambling to get new supplies to their factories.
Some workers are being laid off, while others are being hired to work at an existing factory, according a statement from the ministry.
The textile industry has been hit hard by the shortage.
The Ynet report said that during the first three months of the year, the industry lost $9 billion due to the crisis.