Cyprus Mail
Cyprus

Cabinet: Outstanding redundancy payments to be made by year’s end

People queuing up to register as unemployed

THE government will try to find money to pay the thousands of people who were made redundant the amount they were due.

As unemployment climbed, the cash-strapped state found it difficult to make payments to private sector employees who were made redundant.

“It was a big problem because we are talking about people with very low incomes who found themselves on the street and could not use this money, which was rightfully theirs,” government spokesman Christos Stylianides said.

Stylianides said 12,000 applications were pending at the end of April, either because they were “not examined or were shelved.”

Stylianides announced the cabinet’s decision to process all the applications by the end of the year and if possible, find funds and pay the money due to these people.

“We consider it very important and it is payback for these workers who have unfortunately been in unemployment for some time and have not received the money they are entitled to,” Stylianides said.

The redundancy fund is financed through employers’ contributions.



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Source: Cyprus News Agency

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