Cyprus contractor reportedly defaults on $2 billion debt in Saudi
The Saudi unit of Joannou & Paraskevaides has defaulted on about 7 billion riyals ($1.9 billion) of bank loans, Bloomberg new agency reported quoted unnamed...
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J&P overseas
Official flies to Saudi to consult with stranded J&P staff
Foreign ministry deputy permanent secretary Marios Ieronymides will travel to Saudi Arabia to speak to Cypriot employees of J&P Overseas who have been left in...
Government to pay for stranded Cypriot J&P workers to fly home
The government is making arrangements to bring back some 200 Cypriot employees of the now defunct Joannou & Paraskevaides Overseas who are stranded in Saudi...
J&P third-country workers in Saudi Arabia issue new plea for help
By Evie Andreou Around 5,000 third-country nationals employed by construction giant J&P Overseas in projects in Saudi Arabia said they are now living in camps like prisoners...
J&P Overseas Saudi workers make renewed plea for backpay
Five thousand employees from J&P Overseas Saudi Arabia have accused the collapsed construction giant of failing to pay their salaries since January 2018, leaving some...
J&P workers in Oman say their situation is desperate
J&P Overseas workers in Oman have appealed to the owners for their salaries, saying people could not pay for emergency medical procedures and others risked...
J&P-linked strike delays official opening of university library
A strike by construction workers is preventing the official opening of the new University of Cyprus library which was planned for November 22. The employees...
Board member reassures J&P staff they will be paid
J&P (Overseas) Ltd board member Leonie Paraskevaides-Mavronikola reassured staff of the company on Friday that she would not rest until she found out how the...
J sues P in attempt to pay J&P workers stranded in Saudi (Update)
THE Joannou family, representing half of Joannou & Paraskevaides Overseas Ltd that went into liquidation last month, said on Thursday they have filed a law...
Unpaid workers strike outside J&P offices (Update 2)
Around 200 employees of Ten Group Services, which offered support services to J&P Overseas, now in liquidation, went on strike on Wednesday morning outside the...
Pay us our wages or we go on strike, staff tell J&P
In the latest twist in the ongoing saga concerning construction giant Joannou & Paraskevaides Group, staff at J&P Overseas’ Saudi Arabia operations have threatened to...
Beleaguered J&P says it has sold airport share to pay staff
J&P Overseas, a subsidiary of Cyprus’ construction industry flagship Joannou & Paraskevaides Group, said Wednesday it has made €120m from the sale of an airport,...
Grim outlook for flagship Cypriot company
By George Psyllides For decades J&P was the flagship of Cyprus’ construction industry, the most successful private company, which transcended the island’s confines to take...