Employees of the popular Laiki bank have marched in protest of the bail-out deal that will lead to the layoff of some 2,500 people and loss of pension funds. In order to avoid a bank-run, the banks have kept their doors closed while its government negotiated a bail-out package with the IMF, ECB and European Council. Banks have already been closed for nearly two weeks but the workers' union has announced that unless their pensions are saved, they will start a strike when the banks are due to re-open.
English: http://www.globalpost.com/dispatch/news/afp/130323/cyprus-bank-staff-protest ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.