Cyprus - Bank workers suspend strike and come to a deal - August 31, 2017

Workers at APS Debt Servicing bank, owned by the Prague-based APS Holdings SA and the Hellenic bank, started a 48-hour strike. The protest was against planned changes in the employment terms of workers. Trade union Etyk later on suspended the strike following the intervention of the labour ministry that led to an agreement. According to the deal struck, the jobs and benefits of Hellenic employees transferred to APS are ‘fully safeguarded’, with clear provisions ensuring ‘existing and future collective agreements, the right to be transferred back to the bank, and many other clauses protecting colleagues fully’.

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