12/01/2011 15:06
Cyprus Airways are seeking for €65 million so as to deal with the problems that they face. The trade unions expressed their willingness to proceed with direct and indirect allocations of €12 million.
Similarly, the government is willing to pay €20 million on condition that the Company will save €30 million and its employees will proceed with allotments for the rest.
The difficult financial condition of CAIR was the issue of discussion during the meeting of the five trade unions with the Management today.
Speaking to the media shortly after, OHO SEK General Secretary, Nicos Tampas explained that in 2010 CAIR recorded losses of €30 million, while in 2011 losses are expected to reach €35 million. “Therefore, the effort focuses on the saving of €65 million”, he said.
Expressing the employees’ readiness to contribute to the survival of the Company, Mr. Tampas clarified that they will contribute to two directions, the immediate survival of the Company and its survival in the long-term.
“At first stage, we have to save €7 million via a salary cut and secondly will have to safeguard €5 million on a long-term basis from the redundancy of 150 persons”, he said.
“The agreement with the government for the allocation of state aid is after securing the consent of all five trade unions for the reduction of the staff and the signing of a minute that will be approved by the Council of Ministers and then will be submitted to the Labour Ministry”, he said.
Similarly, SIDIKEK-PEO General Secretary, Antonis Neophytou referred to the briefing by the Executive Chairman on the government’s and the Management’s intentions.
“The Management’s actions aims to savings of €30 million with the change of the flight schedule, the abolition of itineraries and the increase of some others as well as the termination of operation of A330 aircraft”, he said.
“At the same time, the trade unions expressed their readiness to boost the consolidation effort”, he added.
“The contribution of the 1100 employees will be towards two directions. The redundant staff of 150 persons and the cut of the salaries in 2011 so as to save €7 million”, he noted.
Invited to answer whether they accept SYNIKA’s proposal for a cut of 10% in their salary for a year, he said that the rate of reduction will depend on the number of the redundant staff.
Finally, he stated that the deliberations for the redundant staff plan and the way of saving of €7 million will continue.
Similarly, the government is willing to pay €20 million on condition that the Company will save €30 million and its employees will proceed with allotments for the rest.
The difficult financial condition of CAIR was the issue of discussion during the meeting of the five trade unions with the Management today.
Speaking to the media shortly after, OHO SEK General Secretary, Nicos Tampas explained that in 2010 CAIR recorded losses of €30 million, while in 2011 losses are expected to reach €35 million. “Therefore, the effort focuses on the saving of €65 million”, he said.
Expressing the employees’ readiness to contribute to the survival of the Company, Mr. Tampas clarified that they will contribute to two directions, the immediate survival of the Company and its survival in the long-term.
“At first stage, we have to save €7 million via a salary cut and secondly will have to safeguard €5 million on a long-term basis from the redundancy of 150 persons”, he said.
“The agreement with the government for the allocation of state aid is after securing the consent of all five trade unions for the reduction of the staff and the signing of a minute that will be approved by the Council of Ministers and then will be submitted to the Labour Ministry”, he said.
Similarly, SIDIKEK-PEO General Secretary, Antonis Neophytou referred to the briefing by the Executive Chairman on the government’s and the Management’s intentions.
“The Management’s actions aims to savings of €30 million with the change of the flight schedule, the abolition of itineraries and the increase of some others as well as the termination of operation of A330 aircraft”, he said.
“At the same time, the trade unions expressed their readiness to boost the consolidation effort”, he added.
“The contribution of the 1100 employees will be towards two directions. The redundant staff of 150 persons and the cut of the salaries in 2011 so as to save €7 million”, he noted.
Invited to answer whether they accept SYNIKA’s proposal for a cut of 10% in their salary for a year, he said that the rate of reduction will depend on the number of the redundant staff.
Finally, he stated that the deliberations for the redundant staff plan and the way of saving of €7 million will continue.
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