collective agreements

160 hotels in Cyprus to be affected by FTI closure

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160 hotels in Cyprus to be affected by FTI closure

Approximately 30,000 tourists who were expected to visit Cyprus are impacted by the bankruptcy filing of travel provider FTI. This affects around 160 hotels and other businesses in Cyprus that collaborated with the Group. Bookings made through FTI are being cancelled, with efforts to cover part of the trips still underway. The impact on the tourism industry in Cyprus is significant due to various challenges the industry is facing, such as the war in Israel, economic recession in the UK, upcoming elections in the UK, the European Championship, and the Olympic Games.

Our View: Cyprus always ignored the advice of highly qualified economists

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Our View: Cyprus always ignored the advice of highly qualified economists

The International Monetary Fund praised Cyprus for its strong economic performance, commending the country for its substantial primary surpluses, efforts to reduce public debt, quick recovery from the pandemic, and resilience in dealing with external shocks. The IMF recommended measures to further strengthen the economy, including phasing out electricity subsidies and VAT exemptions, and advised against further cost-of-living adjustments to wages. Other recommendations included reforms to the justice system, labor markets, and vigilance regarding systemic risks in the real estate market.

Mental health staff joins nurses, ’ work stoppage on Thursday

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Mental health staff joins nurses, ’ work stoppage on Thursday

Fact: The mental health nursing staff branch of trade union Pasydy will participate in a one-hour work stoppage to protest understaffing on Thursday.

Labour developments in Geneva

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Labour developments in Geneva

The upcoming elections will halt various developments, including those related to labour issues. Despite important pending matters such as collective agreements renewal and measures against undeclared labour, decisions will be delayed until after the elections. However, a preview of upcoming developments will be presented at the ILO Assembly in Geneva, attended by trade union heads, employer organizations, and the Minister of Labour.

IWW Cyprus: Workers spend the majority of their daily lives in undemocratic workplaces

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IWW Cyprus: Workers spend the majority of their daily lives in undemocratic workplaces

The Industrial Workers of the World (IWW) is a global labor union that has been organizing in Cyprus since 2020. The IWW stands out from traditional trade unions by being a union for all workers, including minorities, migrants, and sex workers. The IWW is not trying to be friendly with employers and government, unlike traditional unions. The IWW is a horizontal organization that values transparency and full participation rights for all members. The IWW encourages workers to join traditional trade unions as well. In Cyprus, the IWW organizes all workers under one big union, unlike traditional federations divided by profession or sector. The IWW aims to prioritize organizing over mere mobilizing and believes in forming strong relationships with fellow workers.

Minister warns of escalating undeclared work crisis

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Minister warns of escalating undeclared work crisis

Undeclared work is a growing concern in the construction industry, according to Labour Minister Yiannis Panayiotou. If not addressed soon, it will become a much bigger problem. Panayiotou also expressed optimism for the renewal of the collective agreement in the construction sector and emphasized the need for improving, not worsening, the terms and conditions of work.

Electricians to go on 24-hour , ‘warning strike’

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Electricians to go on 24-hour , ‘warning strike’

Mechanics and electricians will go on a 24-hour strike on Thursday due to a deadlock between the association of electricians and mechanics (Semiek) and the labour ministry over collective agreements, pay raises, and benefits.