Cyta staff to strike over pay

Trade unions at the Cyprus Telecommunications Authority (CyTA) are calling for a 24-hour all-out strike on January 16, a decade after their last labour action, over the semi-state authority’s innovation and restructuring

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CoLA not the answer to beating inflation

Adjusting wages to meet inflation with automatic mechanisms such as the Cost-of-Living Allowance will not solve the real problem of income inequality with low-earners not seeing their earnings improve for a decade,

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CoLA to cost €1.2 bln over three years

The deal between social partners to renew the Cost-of-Living Allowance agreement to cover 66.7% of inflation, up from 50%, means the state will pay an additional €1 bln in salaries over three

Social partners sign landmark CoLA deal

Social partners have settled a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. The island’s four main trade unions – SEK,

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CoLA deal ‘around the corner’

Social partners are reportedly ready to settle a dispute over the Cost of Living Allowance (CoLA), by accepting the mediation proposal tabled by Labour Minister Yiannis Panayiotou. According to news reports, Panayiotou’s

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One step closer to CoLA agreement

Labour Minister Yiannis Panayiotou on Friday appeared optimistic that unions and employers are one step closer to settling a dispute over the Cost of Living Allowance (CoLA), despite sides clinging to their

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IMF says no to CoLA rise, warns of NPLs

The International Monetary Fund (IMF) warned the government against increasing the Cost-of-Living Allowance while pointing to threats posed by a possible rise in Non-Performing Loans due to hiking interest rates. The IMF

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Unions call for general strike

Trade unions declared islandwide strike action on January 26, following a deadlock in negotiations with employers and the Labour Ministry over the reinstatement of inflation-linked Cost of Living Allowance (CoLA). The industrial