The West’s imposed harsh sanctions against Moscow in response to its illegal invasion in Ukraine in February has forced many Russian-interest companies in coastal Limassol to shut down.
But a number of Cypriot employees who were left with no jobs and not even the last couple of months’ salary have organized themselves in a bid to get at least what they are owned. Along with some compensation, Philenews reported on Thursday.
Head of the fledgling European Sanctions Affecting People Association (E.S.A.P.A) Maria Ioannidou said that – for the time being – the Association’s members are only former staff of SCF Management Services (Cyprus) LTD.
The shipping company had its headquarters in Limassol for the past 25 years.
“As a result of the way sanctions have been applied the company could not, although it tried, to meet its obligations towards the staff due to the freezing of all accounts,” Ioannidou said.
“The company was forced to lay off staff in mid-May. That is, almost 150 people with 50% of them being Greek Cypriots and the remaining ones mostly European community nationals living in Cyprus,” she added.