45 employees apply for the VRS in the Co-op sector

Forty-five employees have expressed interest so far in the new voluntary retirement scheme (VRS) in the nationalised Cooperative Credit Sector, reliable sources have told CNA.

The VRS, announced in mid-August, has been extended until the end of September.

The number of employees in the Cooperative Central Bank is currently 2,775 and according to the new restructuring plan approved by the European Commission DG Competition the number of employees should drop to 2.

Source: Cyprus News Agency.