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Cyprus Airways: Cypriot Government intends to cut a 30% personnel stake of the airline

Nicosia, Cyprus - Trade Minister suggested a terminal wage

Cyprus Airways state-owned airline is suffering for bad economic condition. Island’s Government has so to perform job cutting and reorganization. The latest proposal, the one concerning personnel reduction, is under debate currently betweeen ownership, state and workers’ representatives. "Government suggested ’Attractive’ terminal wage to lower personnel for a 30%, that is to say 500 units", Trade M...

AVIONEWS - World Aeronautical Press Agency - 132460
Rome, Italy, 12/06/2005 12:36
AVIONEWS - World Aeronautical Press Agency

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