With reference to today’s reports on the submission of a mediatory proposal by the Minister of Labour and Social Insurance to Cyprus Airways Public Ltd and the trade unions for the reduction of the Company’s labour cost, the Company clarifies that the Ministry’s official proposal will be handed to the Company today and, therefore, the Board of Directors will meet later in the afternoon to discuss the proposal. The Company will release an announcement when they end up with a conclusion.
Wednesday, 30 May, 2012 - 10:41