17/11/2005 08:37
The letters sent by the Cyprus Airways pilots’ and mechanics’ trade unions to the European Commission sounded the alarm to the Committee responsible for the national carrier’s issues and the evaluation Committee of CAIR Board of Directors, which is currently examining the staff’s proposals on the reduction of the labour and operating cost.
The Finance and Transport Ministers, Michalis Sarris and Haris Thrasou had a three-hour meeting last night with the evaluation committee, headed by the Company’s Deputy Chairman, Frixos Savvides.
Letters
After the meeting, Mr. Savvides stated that the letters do not serve the Company’s interests. “What they actually managed to do is to detain the examination of the restructuring plan. The company might not receive the loan of £30 million and the management will be forced to proceed to further salary cuts”, Mr. Savvides said.
Compromise
Mr. Savvides noted that all sides – including the employers – must compromise and cooperate in order to save the company and thanked SYNYKA-SEK for not inveighing against the plan in their letter to the European Commission. SYNYKA-SEK, which represents the majority of Cyprus Airways staff, expressed its decisiveness to cooperate with the company in order to save the carrier and serve the passengers in the best possible way.
Mr. Savvides avoided, however, to give further information on the reaction of the European Commission but hinted that if the management and the trade unions do not agree on the restructuring plan it is not going to examine it.
42 proposals
The same meeting dealt with 42 proposals, 18 of which concern the government. The two Ministers are expected to submit their counterproposals on Friday in view of the new round of talks on Monday.
The Finance and Transport Ministers, Michalis Sarris and Haris Thrasou had a three-hour meeting last night with the evaluation committee, headed by the Company’s Deputy Chairman, Frixos Savvides.
Letters
After the meeting, Mr. Savvides stated that the letters do not serve the Company’s interests. “What they actually managed to do is to detain the examination of the restructuring plan. The company might not receive the loan of £30 million and the management will be forced to proceed to further salary cuts”, Mr. Savvides said.
Compromise
Mr. Savvides noted that all sides – including the employers – must compromise and cooperate in order to save the company and thanked SYNYKA-SEK for not inveighing against the plan in their letter to the European Commission. SYNYKA-SEK, which represents the majority of Cyprus Airways staff, expressed its decisiveness to cooperate with the company in order to save the carrier and serve the passengers in the best possible way.
Mr. Savvides avoided, however, to give further information on the reaction of the European Commission but hinted that if the management and the trade unions do not agree on the restructuring plan it is not going to examine it.
42 proposals
The same meeting dealt with 42 proposals, 18 of which concern the government. The two Ministers are expected to submit their counterproposals on Friday in view of the new round of talks on Monday.
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