One in two employees leaves Co-op having secured maximum compensation

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One in two employees leaves Co-op having...
 © In-Cyprus 2020
Ten to fifteen fewer Co-op employees are set to benefit from the proposed voluntary retirement plan, since a small number out of the 1040 who had applied changed their minds.

The cost of the plan will be around €128-129 million, close to the amount initially calculated. Newer evidence however, show that 40% of employees (410 persons) will receive €180,000 each, the maximum amount of compensation.

The rest of the compensations are as follows: 200 employees will receive between €140,000 and €180,000, 65 between €100,000 and €140,000, 60 between €80,000 and €100,000, 65...


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This article was automatically added to our system 28-8-2018

One in two employees leaves Co-op having secured maximum compensation


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: employees, leaves, having, secured, maximum, compensation,