Banks need the ability to adapt quickly to survive and prosper

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Banks need the ability to adapt quickly to...
 © CyprusMail 2020
By George Theocharides

Recently we experienced fallout between the main banks (BoC, Hellenic Bank) and the union of bank employees (ΕΤΥΚ) that resulted in strikes. There were a number of reasons for this fallout but certainly a major reason/obstacle was the demand by the banks to enforce a performance-based pay system.

So, why such insistence by the banks? Is it really needed now or can the banks wait for its implementation? Who will benefit from such a system? I will attempt to shed some light on the above questions.

My main argument, which I...


This article was automatically added to our system 12-11-2019

Banks need the ability to adapt quickly to survive and prosper


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Article Tags: banks, ability, adapt, quickly, survive, prosper,