Our View: Is it the end of the line for voluntary exit schemes?
There is an unwritten law in Cyprus by which banks and semi-governmental organisations cannot make staff redundant. They can only offer a voluntary exit scheme by which it is up ...
450 to leave Hellenic Bank, at cost of €70 million
Hellenic Bank announced on Tuesday that approximately 450 people have been approved to leave as part of the ‘milestone’ voluntary retirement scheme, which will cost the bank €70 million.
The plan was ...