Co-op bank to launch voluntary retirement scheme, unions angered
The Co-op Bank is to announce an early retirement scheme next week aimed at reducing staff by 100 employees it emerged on Friday. Speaking to...
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BoC’s new voluntary retirement scheme exceeds expectations
A new voluntary retirement scheme introduced by the Bank of Cyprus, has exceeded expectations with more than 200 employees opting in two days before the...
BoC voluntary retirement scheme fails to meet expectations
The improved terms of the voluntary retirement scheme Bank of Cyprus offered its workers, managed to attract a marginally higher number of employees compared to...
Bank of Cyprus offers workers voluntary retirement scheme
Bank of Cyprus, the island’s largest lender, said that it offered its workers a voluntary retirement scheme which provides compensation of up to €200,000 per...
Paternity leave scheme would cost state €10m
Introducing paternity leave along with allowances would cost the state €10m, Labour Minister Zeta Emilianidou told MPs on Thursday. Based on an actuarial study, introducing...
Cabinet announces €7m jobs boost
The cabinet on Tuesday approved a new plan to help the long-term unemployed, it was announced. Speaking to reporters at the Presidential Palace after the...
€10 million grant scheme for research and innovation
THE government on Monday announced a €10 million grant scheme earmarked for businesses investing in research and innovation. An energy ministry statement said the scheme...
‘Mystery guests’ will form part of new CTO quality scheme
The Cyprus Tourism Organisation (CTO) is introducing the notion of ‘mystery guests’ as part of a new scheme to reward ‘quality’ establishments. The scheme titled...
Co-ops to announce scheme to help vulnerable borrowers
By Staff Reporter Co-ops will next month be announcing a number of initiatives to help vulnerable borrowers, Co-operative Central Bank chief Nicolas Hadjiyiannis said on...
Around 280 co-op employees to take early retirement
By George Psyllides SOME 280 employees in the co-operative sector have opted to take an early retirement scheme, a figure that is close to the...
BoC retirement scheme comes into force
Bank of Cyprus (BoC) put a voluntary retirement scheme into force Monday, in a bid to shed around 1,000 jobs. The scheme, which has been...