12/10/2004 09:52
At the meeting between the employers and the staff of Cyprus Airways held on Monday, trade union SYNYKA-SEK requested additional compensations for the employees that will be laid off due to redundancy. The meeting was attended by the Industrial Relations officer, Marina Ioannou.
According to StockWatch sources, SYNYKA-SEK has urged the representatives of the Management to adopt the same tactics of compensation as in other organizations, such as the dismissals due to redundancy at the Larnaca Refinery two years ago.
The representatives of the Cyprus Airways Management said that they will forward their request to the Board of Directors and the government, but clarified that the government will possibly reject the request since the financial cost for the Company’s major shareholders (government) will be insurmountable.
After the meeting, SYNYKA Chairman, Costas Demetriou said that he had expressed his disagreement on the government’s intention to dismiss 135 employees since the trade union is not convinced that the drop in the turnover would entail the termination of employment of 135 persons. Mr. Demetriou also expressed the trade union’s intention to proceed to other allocations that will reduce the operating cost of the national carrier and criticized the Management that it does not enter into talks with the trade unions so as to reach an agreement within the framework of the increase in productivity and the drop in the labour and operating cost.
According to StockWatch sources, SYNYKA-SEK has urged the representatives of the Management to adopt the same tactics of compensation as in other organizations, such as the dismissals due to redundancy at the Larnaca Refinery two years ago.
The representatives of the Cyprus Airways Management said that they will forward their request to the Board of Directors and the government, but clarified that the government will possibly reject the request since the financial cost for the Company’s major shareholders (government) will be insurmountable.
After the meeting, SYNYKA Chairman, Costas Demetriou said that he had expressed his disagreement on the government’s intention to dismiss 135 employees since the trade union is not convinced that the drop in the turnover would entail the termination of employment of 135 persons. Mr. Demetriou also expressed the trade union’s intention to proceed to other allocations that will reduce the operating cost of the national carrier and criticized the Management that it does not enter into talks with the trade unions so as to reach an agreement within the framework of the increase in productivity and the drop in the labour and operating cost.
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