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Steel workers protest as Halyvourgiki says high energy costs behind layoffs

Dozens of employees from steel producer Halyvourgiki gathered outside the Labor Ministry on Monday after the company said that it would be laying off 200 of its 263 employees.

The firm cited high electricity costs as the main reason behind its need to cut its wage bill.

Representatives of the workers, management and ministry are expected to meet during the week to discuss the matter.

ekathimerini.com , Monday February 17, 2014 (15:43)  
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RECENT NEWS
1. Bank of Cyprus shareholders approve 1 billion euro capital issue
2. Firefighter injured in Kastoria from exploding ordnance
3. Euro-area confidence falls as low inflation alarms ECB
4. Greek bank deposits rise for fifth straight month in July
5. Ministers hold flurry of talks ahead of troika negotiations in Paris
6. Bad debt provisions hit Greeces PPC first half net profit
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