Some missions in countries such as the U.S. and Canada are set to be reviewed in light of their high annual operating costs, along with missions in Turkey, with the Finance Ministry also suggesting cutting their number by combining some.
Israel currently has an embassy in Turkey's capital Ankara and a consulate in its financial center, Istanbul.
An initial plan to cut 140 Foreign Ministry employees has also been replaced by a plan to encourage ministry staff to retire, according to reports.
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