Global Companies Temporarily Close Operations in Israel Amidst Military Clashes

Global companies with a presence in Israel have taken precautionary measures in response to the recent military clashes between Israel and Hamas. As tensions escalate, several multinational corporations have temporarily closed operations and requested employees to work from home. Here are the steps taken by various companies across different sectors:

Airlines: In light of the situation, several U.S., Asian, and European airlines have suspended direct flights to Tel Aviv, prioritizing the safety of their passengers and crew.

Oil Majors: Chevron, the second-largest U.S. oil and gas producer, has been instructed by Israel’s energy ministry to shut down the Tamar natural gas field located off the country’s northern coast. This decision aims to ensure the security of the energy infrastructure during the ongoing conflict.

Banks: JPMorgan Chase has asked over 200 employees in Israel to work from home, prioritizing their safety and well-being. Similarly, Goldman Sachs and Morgan Stanley have also implemented remote work policies for their employees based in Tel Aviv.

Logistics: Adani Ports, the operator of Haifa Port in northern Israel, has stated that the port remains operational. However, the company is closely monitoring the situation and has prepared a business continuity plan to ensure seamless operations.

Tech: Nvidia, the world’s leading manufacturer of chips used for artificial intelligence and computer graphics, has canceled an AI summit that was scheduled to take place in Tel Aviv. The event, which was set to feature CEO Jensen Huang as a speaker, has been postponed due to the current circumstances.

Consumer and Retail: H&M, the popular clothing company, has temporarily closed all its stores in Israel following the guidance of its local franchise partner. This decision aims to prioritize the safety and well-being of both customers and employees.

As the situation in Israel remains fluid, these global companies are closely monitoring developments and prioritizing the safety of their employees and customers. Their swift actions demonstrate a commitment to ensuring the well-being of all stakeholders during this challenging time.