Cyta employees condemn government’s privatisation plan 

Cyta employees condemn government’s privatisation plan 

Nicosia, December 23, 2015/Independent Balkan News Agency

By Kyriacos Kyriacou

Cyprus state telecoms company CyTA’s employee unions on Wednesday condemned a letter by the Privatisations Commissioner asking the board to set up teams to carry out simulation exercises, which would prepare the organisation for the smooth transition to a new private-law company.

Union represantative Alecos Tryfonides said the Commissioners’ action was “unacceptable.”

CyTA’s employee unions strongly protest against the government’s plan to create a private-law organisation that would take over the state-owned provider’s operations and assets, because the new company will be subject to privatisation.

Meanwhile, as unions insist that government plans to approve a draft decision to split the state-owned Electricity Authority of Cyprus (EAC) will be met with strong reaction, Energy minister Giorgos Lakkotrypis met with the power supplier’s board on Wednesday morning.

A final decision for the efficient and effective splitting up of the EAC is a “prior action” for the release of the next tranche of Cyprus’ bailout programme.