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Workers at the Cyprus Cooperative Bank (formerly the Cooperative Central Bank) on Thursday gave their union the green light to take all necessary action, including strikes, as a reaction to the bank’s recent sacking of a number of employees.

In ballots taken across the districts, 99.08 per cent of CCB employees authorised bank workers’ union Etyk to take action as it saw fit.

In a statement, Etyk said its swift response to the bank’s action, which it called arbitrary and unacceptable, had already resulted in suspending the sackings.

The bank’s management recently fired a number of employees who held non-performing loans.

Source: CyprusMail