Changing employee remuneration policy in Cyprus banks inevitable, Bank of Cyprus CEO says

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 A change in the banks’ employee remuneration policy is unavoidable and banks need to engage with the unions on this issue, Bank of Cyprus’ Chief Executive Officer Panicos Nicolaou has said. “The banks will not to move fast in engaging with the unions to promote a fair” remuneration system based on productivity and job description, Nicolaou said, noting that this may not happen this year or the next “but it will come soon as this is inevitable and it will come.” Nicolaou …

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