Cyprus Mail
Business Cyprus

EAC unions to stage one-hour strike

Electricity Authority unions will stage a one-hour “warning” strike next week, to show their opposition to the planned privatization of their company, it was announced on Friday.

The strike will be held on Wednesday, between 9am and 10am.

In a letter sent to EAC manager Stelios Stylianou, the four unions (EPOPAI, SIDIKEK, SEPAIK and SIVAIK) say that they made every effort to convince Finance Minister Harris Georgiades about the “negative impact a possible privatisation of EAC will have on the economy, the people, and society in general,” but did not get any results.

The power supply will not be affected, the unions said.

In their letter, the unions asked the EAC director to request that the organization was exempted from privatisation, citing public interest.

The unions said they had a moral obligation to defend the economy, and the resources of the semi-occupied country, and future generations.

Cyprus needs to raise at least €1.4 billion trough privatisations by 2018. The island must have a privatisation roadmap ready in December, a condition for the release of the next tranche of bailout cash.

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