https://knews.kathimerini.com.cy/en/news/lawsuit-against-twitter-for-$500m-severance-payment
Twitter allegedly refused to pay at least $500m in promised severance to thousands of employees who were laid off after Elon Musk acquired the company, a lawsuit filed on Wednesday claims....
https://knews.kathimerini.com.cy/en/news/ministry-of-labor-to-improve-minimum-wage-policies
Cyprus currently has an outdated software system for pension fund operations. The government aims to expedite the actuarial study for the Social Insurance Fund (TKA) with the support of the International Labor Organization and the government of Austria.
...
https://knews.kathimerini.com.cy/en/news/cyprus-asserts-maritime-cluster-advantage
Shipping Deputy Minister, Marina Hadjimanolis highlighted the competitive advantages of the Cyprus Shipping Cluster and underlined the government's strong commitment to the shipping sector...
https://knews.kathimerini.com.cy/en/business/cyprus-slips-in-global-competitiveness-rankings-for-third-consecutive-year
Cyprus has experienced a decline in its global competitiveness for the third consecutive year, dropping from the 40th position to the 45th out of 64 countries in the IMD World Competitiveness Center rankings....
https://knews.kathimerini.com.cy/en/news/leading-brands-pledge-jobs-for-thousands-of-refugees
The companies - which include Amazon, Accenture, and Adidas - have committed to hiring and training over 250,000 refugees in the next three years....
https://knews.kathimerini.com.cy/en/business/aub-mediterraneo-paphos-shaping-the-future-of-education-in-the-mediterranean
As the anticipation builds for the opening of the American University of Beirut - Mediterraneo in Paphos scheduled for September 2023, Kathimerini had the privilege of sitting down with Philip S. Khoury,...
https://knews.kathimerini.com.cy/en/news/380-cyta-employees-on-the-brink-of-departure
In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....
https://knews.kathimerini.com.cy/en/business/techisland-and-mercer-join-forces-to-revolutionize-tech-industry-compensation-in-cyprus
A new era for the booming Tech Industry...
https://knews.kathimerini.com.cy/en/news/usa-child-labor-seen-as-solution-to-labor-shortage
Lawmakers in several states, predominantly Republicans, are pushing for legislation that would relax labor laws for children, allowing them to work in more hazardous occupations, longer hours on school nights...
https://knews.kathimerini.com.cy/en/news/uber-makes-waves-with-boat-travel-in-mykonos
Can't find a ride to Ornos? Don't worry. The ride-hailed watercraft will carry up to eight people to different stops around the island....
https://knews.kathimerini.com.cy/en/news/doctors-without-degrees-the-nhs-apprenticeship-revolution
Aspiring doctors and nurses may soon have the opportunity to work in the UK's National Health Service (NHS) without going to university, according to recent revelations. This proposal aims to address the workforce crisis currently faced by the struggling health service....
https://knews.kathimerini.com.cy/en/business/deutsche-bank-to-slash-800-jobs-as-part-of-new-cost-cutting-initiative
Deutsche Bank to cut 800 jobs in a new cost-saving drive after reporting a bigger-than-expected rise in profit for the first quarter, a volatile period globally for finance companies....
https://knews.kathimerini.com.cy/en/business/ey-report-governments-need-new-ways-of-working-to-seize-digital-opportunities
Governments around the world are at risk of failing citizens through lack of digitalization, according to EY research presented in a new report: “How can government workers and technology align to serve future citizens?”. ...
https://knews.kathimerini.com.cy/en/business/are-you-ready-for-chatgpt-to-take-over-your-job
Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....
https://knews.kathimerini.com.cy/en/news/our-top-priority-is-ensuring-accessible-and-high-quality-medicines-says-kyriakides
"A 'strong European Health Union' will contribute to the building of strong, resilient, and sustainable health systems of tomorrow that will ensure better care for patients," said Commissioner Stella Kyriakides in her message for World Health Day....
https://knews.kathimerini.com.cy/en/business/ey-cyprus-a-gold-sponsor-at-the-6th-annual-capital-link-cyprus-shipping-forum
EY Cyprus was, once again, a gold sponsor of the 6th Annual Capital Link Cyprus Shipping Forum, which was held at the Columbia Plaza, in Limassol, on Tuesday, March 7th 2023....
https://knews.kathimerini.com.cy/en/business/companies-to-be allowed-up-to-50-of-third-country-workers
The Council of Ministers adopted on Wednesday an updated policy that allows businesses to employ more staff from third countries....
https://knews.kathimerini.com.cy/en/news/half-a-billion-euro-investment-in-digital-transformation
Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...
https://knews.kathimerini.com.cy/en/news/school-exams-rescheduled-to-accommodate-major-strike
Unionized teachers in the Republic of Cyprus have secured a time change for school exams on Thursday so that members can take part in a major strike to demand restoration of pre-crisis wage indexation mechanisms for union workers...
https://knews.kathimerini.com.cy/en/business/no-more-fridays-4-day-work-week-on-the-rise
The results are in: It's time for your company to stop working on Fridays (or Mondays)....
https://knews.kathimerini.com.cy/en/business/google-cutting-12-000-jobs
Google's parent Alphabet Inc said on Friday it is cutting about 12,000 jobs, or 6% of its workforce, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI)....
https://knews.kathimerini.com.cy/en/business/tech-companies-calling-for-employee-naturalizations-after-5-years
Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...
https://knews.kathimerini.com.cy/en/business/pwc-survey-seven-out-of-ten-ceos-are-pessimistic-about-2023
According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....
https://knews.kathimerini.com.cy/en/news/spain-s-irregular-migration-decreased-by-25-6-last-year
Data provided by the Spanish Ministry of the Interior has revealed that irregular immigration to Spain during the past year decreased by 25.6 percent, from 41,945 arrivals recorded in 2021 to 31,219 in 2022....
https://knews.kathimerini.com.cy/en/business/amazon-to-layoff-18-000-employees
Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....
https://knews.kathimerini.com.cy/en/business/lebanese-drinks-giant-kassatly-building-plant-in-ypsonas
Lebanese drinks giant Kassatly Group Holding has started work on a new plant in Cyprus under “Boutique Beverage Bottling Int’l Ltd” as part of ambitious plans to move the brand from a regional powerhouse to a global player....
https://knews.kathimerini.com.cy/en/news/finance-ministry-cyprus-economy-will-not-enter-a-recession
There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...
https://knews.kathimerini.com.cy/en/business/grant-johnson-city-of-dreams-mediterranean-will-be-the-game-changer-for-cyprus-hospitality-industry
The multi-themed City of Dreams Mediterranean resort in Limassol, which will include a luxury hotel, casino, entertainment and sports facilities, adventure park, shops and restaurants, among others, will begin operations in the second quarter of 2023. Grant Johnson, the General Manager of COD analyzes what exactly the City of Dreams Mediterranean will be, what it will offer to the tourism product of Cyprus, how it will strengthen the country's economy and its position as a popular tourist destination and at the same time he analyzes how this project will have significant benefits for the local community and its people. ...
https://knews.kathimerini.com.cy/en/business/unemployment-rises-to-6-8-in-third-quarter-of-2022
Unemployment in Cyprus in the third quarter of 2022 rose to 6.8% of the total workforce, compared with 6.6% in the respective period of last year, according to the Labour Force Survey, published by the Statistical Service of Cyprus (Cystat) on Thursday....
https://knews.kathimerini.com.cy/en/news/nhs-nurses-walk-out-in-first-strike-in-over-a-century
Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after several years of falling pay and declining standards left the country’s nationalized health care system in a state of crisis....
