Cyprus bank staff to stage protest

Bank employees in Cyprus will walk off the job for two hours and march towards parliament to protest against looming job and benefit cuts being made as part of an international bailout.

Bank employees in Cyprus will walk off the job for two hours and march towards parliament to protest against looming job and benefit cuts being made as part of an international bailout.

Hundreds of employees from across the country are expected to be bussed in for today’s demonstration.

Bank workers’ union ETYK says employee pension funds are not fully protected from a grab on large deposits in Cyprus’s two largest lenders, which was a condition of the country’s €10bn bailout.

The union also expressed fears of widespread lay-offs as the rescue package that Cyprus agreed with its euro partners and the IMF demanded that the bloated banking sector, flush with billions in foreign deposits, shrink drastically.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

Bus accident in South Africa kills at least 45, transport ministry says Bus accident in South Africa kills at least 45, transport ministry says
Russia ‘abolishes’ monitoring of sanctions on North Korea with UN veto Russia ‘abolishes’ monitoring of sanctions on North Korea with UN veto
UN top court orders Israel to open more land crossings into Gaza UN top court orders Israel to open more land crossings into Gaza
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited