Cyprus Mail

109 more expected to leave EAC

By Constantinos Psillides

THE Cabinet approved the voluntary exit scheme for the Electricity Authority of Cyprus (EAC) yesterday, aiming to reduce the semi-governmental organization’s staff by 109 people.

This scheme is in accordance with the EAC’s restructuring plan, which aims at abolishing a number of positions deemed redundant.

According to the company’s website, EAC numbered 2,167 employees at the end of 2013.

This is the second voluntary exit scheme. The first one resulted in 83 employees leaving the organisation.

The Cabinet also approved a supplementary budget of €158,722,406 for 2014. The budget includes government contributions to municipal sewage boards (€65m), welfare benefits (€22m), VAT returns (€13m), government contribution to the UN peacekeeping force in Cyprus, compensations for farmers (€6m) and redundancy pay for Kofinou slaughterhouse employees (€6m).

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