27/01/2003 09:10
The major issues in today’s financial press are the 24-hour strike of Cyprus Airways pilots and the new economic shock for the airlines, as well as the strained labour relations in hotel industry when a possible war in Iraq threatens Cyprus economy.
The majority of newspapers refer to Cyprus Airways and the strike that was launched last night and is to end at midnight tonight. The strike is expected to harm CA in terms of prestige, whilst the Company’s stock is currently trading in the CSE.
The newspaper “Simerini” under the title “Strike will cost much” focuses on the statements of the press spokesman, Tasos Angeli; “The pilots’ attitude will bring the old times of blackmail, arrogance and contempt back”.
The newspaper “Phileleftheros” under the titles “New shock for CA” and “Losses are to reach CYP 150,000” deals with the statements of the CA press spokesman and the relevant announcement of the Pancyprian Pilots’ Union (PASYPI). According to the report, the “difference” between the privileged management team of pilots and PASYPI concerns training and control. It is worth mentioning that the strike will accelerate the liberalisation of air transport.
The newspaper “Alithia” under the title “CA to be replaced while striking” highlights that the Minister of Transport and Works, Averof Neophytou, is to meet the private airlines Helios, Eurocypria and Emirates to discuss the transport of travellers to all destinations (including the itinerary Larnaca – Athens – Thessaloniki). The newspaper also reports that Cyprus accession in the EU will bring the full liberalisation of the air transportation.
With regard to the hotel industry crisis, the newspaper “Simerini” under the title “Countdown for hotels” mentions that the Pancyprian Hotel Owners’ Association (PASYKSE) is to have talks with the Mediation Department of the Labour Ministry. The conference is either expected to end up with a solution or to widen the gap and lead to a deadlock.
Meanwhile, PASYKSE’s attitude towards the renegotiation of the Ministry’s proposal will be the ‘key’ with regard to the renewal of union contracts, whilst the proposal has already been accepted by all trade unions, as well as STEK.
The majority of newspapers refer to Cyprus Airways and the strike that was launched last night and is to end at midnight tonight. The strike is expected to harm CA in terms of prestige, whilst the Company’s stock is currently trading in the CSE.
The newspaper “Simerini” under the title “Strike will cost much” focuses on the statements of the press spokesman, Tasos Angeli; “The pilots’ attitude will bring the old times of blackmail, arrogance and contempt back”.
The newspaper “Phileleftheros” under the titles “New shock for CA” and “Losses are to reach CYP 150,000” deals with the statements of the CA press spokesman and the relevant announcement of the Pancyprian Pilots’ Union (PASYPI). According to the report, the “difference” between the privileged management team of pilots and PASYPI concerns training and control. It is worth mentioning that the strike will accelerate the liberalisation of air transport.
The newspaper “Alithia” under the title “CA to be replaced while striking” highlights that the Minister of Transport and Works, Averof Neophytou, is to meet the private airlines Helios, Eurocypria and Emirates to discuss the transport of travellers to all destinations (including the itinerary Larnaca – Athens – Thessaloniki). The newspaper also reports that Cyprus accession in the EU will bring the full liberalisation of the air transportation.
With regard to the hotel industry crisis, the newspaper “Simerini” under the title “Countdown for hotels” mentions that the Pancyprian Hotel Owners’ Association (PASYKSE) is to have talks with the Mediation Department of the Labour Ministry. The conference is either expected to end up with a solution or to widen the gap and lead to a deadlock.
Meanwhile, PASYKSE’s attitude towards the renegotiation of the Ministry’s proposal will be the ‘key’ with regard to the renewal of union contracts, whilst the proposal has already been accepted by all trade unions, as well as STEK.
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