09/09/2010 08:11
The employees in Cyprus Airways and Eurocypria are on alert in view of the announcement of the new CAIR Chairman, who will launch intensive talks with both sides to set the bases of the merger plan.
So far, it seems that the venture will not be easy since the only convergent view between the two sides is the red lines that have to do with the union contracts and the benefits.
At the meeting of the Eurocypria pilots held yesterday, their representative, Andreas Kalos, clarified that “although they don’t see negatively the government’s decision to adopt the early retirement plan, they will make no concession in relation to their vested rights, the benefits and the union contracts”.
Mt. Kalos said that they were ensured by the Finance Minister that a new group will emerge from the merger and he will have deliberations with the employees on the new union contract.
Chairman of CAIR trade union, SYNYKA, Andreas Pierides told StockWatch that he is completely negative to any possible creation of a new company.
“For us, the new group will be CAIR, which will absorb the activities of Eurocypria”, he said in view of his meeting with the Finance Minister on Friday.
Responding to a possible rejection of this absorbance by the EU, he said that in this case, Eurocypria must close immediately and the problem will be solved.
“The government must not get involved in time-consuming procedures, jeopardizing the future of both companies due to the mistakes of the past”, he emphasized.
So far, it seems that the venture will not be easy since the only convergent view between the two sides is the red lines that have to do with the union contracts and the benefits.
At the meeting of the Eurocypria pilots held yesterday, their representative, Andreas Kalos, clarified that “although they don’t see negatively the government’s decision to adopt the early retirement plan, they will make no concession in relation to their vested rights, the benefits and the union contracts”.
Mt. Kalos said that they were ensured by the Finance Minister that a new group will emerge from the merger and he will have deliberations with the employees on the new union contract.
Chairman of CAIR trade union, SYNYKA, Andreas Pierides told StockWatch that he is completely negative to any possible creation of a new company.
“For us, the new group will be CAIR, which will absorb the activities of Eurocypria”, he said in view of his meeting with the Finance Minister on Friday.
Responding to a possible rejection of this absorbance by the EU, he said that in this case, Eurocypria must close immediately and the problem will be solved.
“The government must not get involved in time-consuming procedures, jeopardizing the future of both companies due to the mistakes of the past”, he emphasized.
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