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Cyprus News Agency: News in English, 13-06-19
CONTENTS
[01] Minister of Defence travels to Paris
[02] Pay cuts of up to 30% at Bank of Cyprus
[01] Minister of Defence travels to Paris
Minister of Defence Photis Photiou will be flying to Paris on Wednesday
for an official visit, during which he will meet with his French
counterpart Jean Yve Le-Drian to discuss issues of general interest and
bilateral relations.
During their meeting on Thursday they will also discuss ways to enhance
cooperation between their two Ministries in security and defence issues.
Other issues on their agenda will be developments in the Southeastern
Mediterranean with emphasis on Syria, energy issues and the exploitation
of hydrocarbon deposits in Cyprus` exclusive economic zone, energy
security, Turkish threats and provocations, and the Cyprus problem.
[02] Pay cuts of up to 30% at Bank of Cyprus
Employees at the Bank of Cyprus are to see their wages cut gradually by
up to 30%, according to an agreement reached Tuesday between the Board
of Directors of the Bank and the trade union of banks` employees (ETYK).
According to a press release issued by the Bank, the Board and the
trade union reached an agreement on Tuesday which includes reductions
in salaries and allowances for all employees of the Bank of Cyprus,
working in Cyprus.
They agreed on gradual wage cuts of up to 30%, as well as on cuts or
reductions of up to 50% on benefits. Negotiations continue as regards
voluntary redundancy plans.
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