Cyprus Mail

Bank union calls one-hour strike for Tuesday at CCB

Head of ETYK Loizos Hadjicostis

Bank employees’ union ETYK said on Friday employees at the Co-Op Central Bank (CCB) would be taking part in a one-hour strike on Tuesday, February 4.

The strike is in protest following the decision on Wednesday by Finance Minister Harris Georgiades to issue a decree setting pay cuts in the co-op sector.

The CCB wanted to slash its payroll by 15 per cent to comply with its restructuring obligations as per the terms of its €1.5bn state bailout.

ETYK expressed their deep disappointment and dissatisfaction following the behaviour of CCB management and the finance minister.

“We demand the immediate annulment of this unfair, unethical and undemocratic decree which has been submitted at the expense of our colleagues at the CCB and we have ordered our legal advisors to submit an appeal to cancel it.” ETYK said.

Despite this, the union added, it has called CCB management to the negotiating table so a solution can be found through a healthy and constructive dialogue.

The decree included 300 ETYK members at the CCB in the terms already agreed between the remaining 2,700 employees represented by other unions, and co-op bosses. Separate talks with ETYK had broken down.

“The decree had been planned for days, which proves that negotiations were a fixed game with marked cards,” ETYK said.

For that reason and as a reaction, ETYK, as a first measure has called employees at the CCB to take part in a one-hour work stoppage on Tuesday, February 4, between1.30pm and 2.30pm.

Related posts

Coronavirus: Around 100 due to be repatriated Friday

Annette Chrysostomou

Supreme court to issue decision on civil servant pay cuts at noon

Annette Chrysostomou

Coronavirus: 153 people booked in almost 17,000 checks

Annette Chrysostomou

Saudi, Russia outline record oil cut under U.S. pressure as demand crashes

Reuters News Service

Coronavirus: no fear of a ‘rat-pocalypse’ in Cyprus, expert says

Annette Chrysostomou

Coronavirus: around 150 Cypriots dead in UK from Covid-19

Elias Hazou

1 comment

Comments are closed.