How can an employee protect himself from dismissal in the event of company closure?

The waves of layoffs in the high-tech industry continue all the time, and more than half of Israel’s high-tech companies laid off employees in the first half of 2023.

How can an employee protect himself from dismissal in the event of company closure? Is there a requirement to hold a hearing in case of collective dismissal? Is it significant that a certain company has a collective agreement and a labor organization? Limor Argov-Shenhav, partner and head of our Labor Law Department, answered the important questions to MAKO.