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Wednesday, October 4, 2023

The volunteer project reopens in KEDIPES

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The management of KEDIPES decided to reopen the last Voluntary Retirement Plan of 2021 with the aim of leaving 60 employees. The plan had not achieved the goals and KEDIPES had activated a surplus process. The SEK and PEO unions appealed to the Labor Relations Department of the Ministry of Labor for mediation in a labor dispute. The Department of Labor Relations called on the parties involved to avoid any measures affecting the labor peace and asked KEDIPES to consider reducing the number of staff through a Voluntary Resignation Plan.

The Board of Directors of KEDIPES decided suspend the ongoing actions in relation to the surpluses and proceed with the announcement of a Voluntary Withdrawal Plan. The Plan, according to a relevant announcement, will be proposed to all permanent employees of the company for the departure of at least 60 employees, as a last resort to ensure labor peace and achieve the necessary reduction of its staff.

KEDIPES states in an announcement that the SSC will be announced with the same conditions that were valid in the 2021 Plan, provided that the relevant approval will be obtained from the Tax Officer regarding the tax-free compensation.


& # 8220; Any consultation with the Trade Unions representing the staff will be limited to specific terms of the previous SSC & # 8221 ;, it is emphasized in the same announcement.

Source: politis.com.cy

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