Compensation for redundant CCB employees seen at €100 million

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Compensation for redundant CCB employees seen...
 © In-Cyprus 2018
Some 900 co-op employees expected to be made redundant once a deal goes through with Hellenic Bank will be paid a maximum compensation of €100,000 per person under a proposal under discussion between trade unions and the Cyprus Co-op Bank. The total cost is estimated at €100 million.

Of the 2,667 Co-op employees,  some 1,100 are expected to be transferred to Hellenic Bank and another 100 will go to Altamira, joining another 350 who have already been transferred there. About  250 co-op staff will be employed by an NPL management agency that is...


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Compensation for redundant CCB employees seen at €100 million


The contents of this article including any associated images are © In-Cyprus 2018
Views & opinions expressed in this article are those of the author and/or In-Cyprus .

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