Cyprus -Compensation for Cyprus Airways workers -February 03, 2015

The government has decided to grant over €10 million to Cyprus Airways (CY) workers in a provident fund. The airline closed after the EU ordered it to return millions in illegal state aid.

The government has decided to grant over €10 million to Cyprus Airways (CY) workers in a provident fund. The airline closed (see our January Newsletter) after the EU ordered it to return millions in illegal state aid. It was also decided to pay €2.7 million in compensation to those laid off between December 2012 and December 2014 so that they were treated the same way as those who lost their job when the airline shut down last month. The demand of the trade unions that CY workers be employed in other parts of the public sector was rejected with the argument that there were many legal and financial constraints.

English: http://cyprus-mail.com/2015/02/03/government-to-cover-cy-cash-shortfalls/


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.


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