Sklavenitis Cyprus’s acquisition of Papantoniou supermarkets is a significant expansion, increasing their stores to 27, reflecting confidence in the Cypriot economy with job security for 769 employees. This move aims to enhance the retail sector, offering a wider selection of goods at competitive prices, potentially driving market competitiveness and improved customer experiences.
The government has intervened to secure jobs at Larnaca’s port and marina amidst uncertainty over the project’s future. President Christodoulides has assured Kition Ocean Holdings workers of continued employment, nullifying the agreement due to financial noncompliance and planning to manage the project through the port authority.
Kition Ocean Holdings urges the government to honor its obligations towards Larnaca port workers facing sudden dismissals. The company emphasizes the need for compliance with Cypriot law and EU directives to protect employees’ rights during the business transfer, including job preservation and associated benefits.
In Larnaca, the sudden end of the contract with Kition Ocean Holdings has left port workers anxious about their jobs. Trade unions are in talks with officials to secure employment and ensure the port’s operations continue amidst ongoing debates on privatization.
