https://knews.kathimerini.com.cy/en/news/apple-supplier-apologizes-offers-$1400-payout-to-quell-protests
Apple’s manufacturing partner Foxconn has offered payouts of Rmb10,000 ($1,400) to newly recruited staff who elect to leave the iPhone factory and vowed to honour pay agreements, in an attempt to quell unrest after workers violently clashed with police....
https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year
The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-why-inequality-is-growing-in-the-us-and-around-the-world
U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-hourly-labor-costs-in-2020-was-at-€18-10-with-some-exceptions
Based on the findings of the Labor Cost Survey (LCS) conducted by the Cyprus Statistical Service, the hourly labor cost was set at €18.10 with 2020 serving as the benchmark year....
https://knews.kathimerini.com.cy/en/news/how-much-loan-can-a-couple-with-an-income-of-€2-000-get
Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....
https://knews.kathimerini.com.cy/en/news/eight-weeks-paid-parental-leave-approved-by-cabinet
A new bill on parental leave was approved on Tuesday by the Council of Ministers, which provides, among other things, eight weeks of paid parental leave for parents with children up to 8 years old....
https://knews.kathimerini.com.cy/en/business/€100-increase-in-average-gross-monthly-earnings-in-q2-2022
The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%....
https://knews.kathimerini.com.cy/en/news/cyprus-ranks-9th-highest-in-eu-in-terms-of-minimum-wage
Cyprus is among the top nine EU countries that enforce a national minimum wage (NMW), says the Ministry of Finance, which notes that currently, 22 member states have institutionalized the minimum amount of remuneration for workers....
https://knews.kathimerini.com.cy/en/news/eu-to-set-new-rules-on-minimum-wage
The need for the immediate adoption of an adequate minimum wage that will allow employees to live with dignity was discussed by the Plenary of the European Parliament on Tuesday, which is expected to vote on a relevant directive on Wednesday....
https://knews.kathimerini.com.cy/en/business/100-000-workers-to-benefit-from-established-minimum-wage
The introduction of the national minimum wage in Cyprus, which will affect the salaries of almost 100 thousand workers from the beginning of 2023, has turned into a game of nerves but with an almost happy ending....
https://knews.kathimerini.com.cy/en/news/eu-states-facilitating-employment-of-third-country-nationals-to-ease-labor-shortage
The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....
https://knews.kathimerini.com.cy/en/news/trade-unions-and-employers-disagree-on-national-minimum-wage-parameters
Efforts to come to an agreement on the establishment of a national minimum wage in Cyprus were unsuccessful during a scheduled meeting on Tuesday held by the President with trade unionists and employers' unions....
https://knews.kathimerini.com.cy/en/news/eu-strikes-deal-on-adequate-minimum-wage-in-member-states
With a deal struck on Monday night, Parliament and Council negotiators agreed on EU rules to set adequate minimum wages, as provided by national law and/or collective agreements....
https://knews.kathimerini.com.cy/en/news/greece-experiencing-significant-staff-shortages-at-hotels
Greek hotels are looking to fill 55,000 positions this summer, during what is expected to be a very busy season, according to hoteliers....
https://knews.kathimerini.com.cy/en/news/op-ed-inflation-welcomes-generation-z
Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....
https://knews.kathimerini.com.cy/en/news/finland-and-sweden-could-join-nato-in-the-summer
Finland and Sweden could soon join NATO, moves that would likely infuriate Moscow and that officials say would further underscore Russia's strategic error in invading Ukraine....
https://knews.kathimerini.com.cy/en/news/counter-protesters-in-cyprus-challenge-pro-russia-rally
Cyprus Police held back Ukrainian demonstrators who attempted to disrupt a pro-Russia rally on Saturday, as a motorcade with tricolor flags headed to Limassol’s seafront to show support as Moscow wages war against Kiev...
https://knews.kathimerini.com.cy/en/news/peo-concerned-about-increase-in-fuel-and-basic-consumer-products
The Pancyprian Federation of Labor (PEO) has expressed its concern about the continuous upward trend in fuel prices, which, as it notes, "will add to the cost of basic consumer products"....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-inequalities-between-women-and-men-more-profound-two-years-into-life-with-covid
What is very apparent is that women have kept our societies functioning during the pandemic, beyond what they always did, with very little social recognition, appreciation and support;...
https://knews.kathimerini.com.cy/en/business/cyprus-expected-to-introduce-a-national-minimum-wage-by-the-end-of-january-2022
Cyprus is expected to introduce a national minimum wage by the end of January 2022. According to information, the national minimum wage will be set at 45% - 60% of the national median salary in Cyprus which is 1,573 euros....
https://knews.kathimerini.com.cy/en/business/hourly-labour-costs-rise-by-7-3-in-q3-2021
Cyprus hourly labor costs (total costs) rose by 7.3% year on year in the third quarter of 2021 following an annual rise of 17.1% in the previous quarter, the Statistical Service of Cyprus (Cystat) said on Thursday....
https://knews.kathimerini.com.cy/en/news/double-murder-prosecutors-back-to-the-drawing-board
New details suggest the main suspect in the double murder of two Russian women may be covering up for someone else, after it was reported that the shooter was far closer to the victims than previously thought and questions remained about a car passenger...
https://knews.kathimerini.com.cy/en/business/as-millions-fell-into-poverty-during-the-pandemic-billionaires-wealth-soared
The coronavirus pandemic has worsened the massive financial gap between rich and poor around the world, a new report has found....
https://knews.kathimerini.com.cy/en/business/discussions-with-ilo-to-set-cyprus-minimum-wage-to-55-66-of-national-median
Although still being discussed, and will continue until year's end, the national minimum wage in Cyprus is likely to range from 865.1 euros to 1,038.1 euros....
https://knews.kathimerini.com.cy/en/news/cyprus-wages-battle-for-air-connectivity
Two Cypriot ministers have joined forces this week to call on the EU’s Competition commissioner to allow more state subsidies for airlines amid the pandemic, citing improvements in scheme criteria but also the remoteness of the island...
https://knews.kathimerini.com.cy/en/news/systems-tested-by-slaughterhouse-outbreak
A company that owns a slaughterhouse in rural Nicosia has until Monday to explain how 79 people were found working without proper authorization, following a coronavirus outbreak on the premises and days after the firm hinted that government officials were supplying asylum seekers for manual labour through backchannels...
https://knews.kathimerini.com.cy/en/news/farmer-refuses-to-return-worker-s-passport
A story has emerged involving alleged mistreatment of a foreign worker, after a post shared on Facebook by a local NGO pointed to an old practice by employers unlawfully retaining foreign workers’ passports for leverage...
https://knews.kathimerini.com.cy/en/news/five-new-support-schemes-announced-as-cyprus-enters-recovery-stage
The five new economic support measures budgeted at 150 million euros that aim to cushion the blow of the coronavirus pandemic as Cyprus enters the stage of recovery were submitted before the cabinet on Tuesday....
https://knews.kathimerini.com.cy/en/news/sir-stelios-wages-battle-against-board
EasyJet founder Sir Stelios Haji-Ioannou had some harsh words to say about the company’s finance director, with the Greek Cypriot billionaire renewing his call to whistleblowers to help with useful information to scrap an Airbus deal...
https://knews.kathimerini.com.cy/en/news/1-cabinet-approves-new-bundle-of-support-measures
The Cabinet on Thursday approved a new bundle of support measures for businesses to keep the economy afloat after the slowdown brought about by the coronavirus outbreak....
