Cyprus applications pending redundancy reach 16,300.
A total of 775 applications were submitted in September, of which 541 were approved and 130 rejected. The Labour Ministry disbursed e1/46.64 mln in redundancy payments.
The Redundancy fund received a total of 10,940 applications in the first nine months of 2013, of which 4.637 have been approved and 1,052 rejected paying out a total of e1/441.71 mln.
The Labour Ministry hired 45 unemployed university graduates to undertake the increased workload.
Labour Minister Zeta Emiliandes has said that the Ministry aims at examining by the end of the year the applications which have been pending for more than 18 months and to pay redundancy applications that will be approved. Social Insurance services announced they are currently examining the applications submitted in March 2012.
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|Publication:||Financial Mirror (Cyprus)|
|Date:||Nov 8, 2013|
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