ZIM was founded in 1945 and today is one of the world’s leading container shipping companies, with operations at 120 ports in 50 countries, and with a team of over 4,000 employees. In 2004, the government sold its holdings in ZIM to Israel Corporation. In July 2014, ZIM experienced serious financial difficulty, following which Israel Corporation entered into debt restructuring with its creditors.
Although ZIM is a global operation, most of the time its management was made up solely of Israelis. In the summer of 2017, ZIM’s board of directors, which included representatives of the creditors decided to challenge this tradition […]