(Reuters) – Global companies with a presence in Israel have temporarily shut some operations and asked employees to work from home following military clashes between the country and the Palestinian Islamist group Hamas.
Following are steps taken by companies ranging from airlines to banks:
AIRLINES:
Several U.S., Asian and European airlines have suspended direct flights to Tel Aviv.
OIL MAJORS:
Chevron:
The No. 2 U.S. oil and gas producer has been instructed by Israel’s energy ministry to shut down the Tamar natural gas field off the country’s northern coast, a company spokesperson said on Monday.
BANKS:
JPMorgan Chase:
The Wall Street bank has asked more than 200 employees in Israel to work from home, a source familiar with the matter told Reuters.
Goldman Sachs:
The bank’s employees at its office in Tel Aviv have been asked to work from home, a spokesperson said.
Morgan Stanley:
Bloomberg News reported that the bank has an office in Israel and has also told its staff to work from home for the foreseeable future.
LOGISTICS:
Adani Ports:
Indian billionaire Gautam Adani’s Adani Ports, operator of the Haifa Port in northern Israel, said the port was operational but added it was closely monitoring the situation and is prepared with a business continuity plan.
TECH:
Nvidia:
The world’s largest maker of chips used for artificial intelligence and computer graphics said it had canceled an AI summit scheduled for Tel Aviv next week. CEO Jensen Huang was scheduled to speak at the conference.
CONSUMER AND RETAIL:
H&M:
The clothing company said its local franchise partner has temporarily closed all stores in Israel.
(Reporting by Priyamvada C, Mehr Bedi in Bengaluru and Helen Reid in London; Editing by Sriraj Kalluvila)
