For many years in America and now in Europe, the construction of retirement housing complexes has become more bespoke. The relatively recent developments in Spain also show the trends of this new
UK pensioners will increasingly be seeking to move retirement funds overseas as fears grow about the Budget in March and government plans to trap into retirement savings, warned an investment adviser at
Hellenic Bank’s voluntary early retirement plan to streamline operations will decrease capital and weigh on its profitability this year but reduce its workforce by 17% and lower operating costs, a credit-positive move,
Some 450 Hellenic Bank employees have selected the exit button opting for early retirement with €200,000 compensation each. The bank launched its voluntary exit scheme to reduce its staff by around 500
Bank of Cyprus reported Friday that their profits for the first nine months had been gobbled up by an early retirement scheme, offering up to €200,000 to employees who chose to exit.
The government hopes to strike a happy balance between labour union demands to scrap the 12% penalty clause imposed on people who retire early at 63 and the state’s budget. In comments
Cyprus MPs will be looking into Opposition demands to scrap the 12% penalty clause imposed on people who retire two years early aged 63, once the summer recess ends on 30 August.
Some 200 Bank of Cyprus employees have pushed the ‘exit’ button taking the ‘generous’ offer for early retirement with compensation, as the bank seeks to offload 500 staff before resorting to redundancies.
The Bank of Cyprus has announced plans to downsize its staff, officially offering a Voluntary Retirement Plan to 500 – 600 employees from its 3,400 workforce to maintain profitability. The news comes
The idea for an individual or couple renting a home for their retirement and seeking facilities of a regular home, including a maid, visiting doctors (on-call), a car with a driver, is