Cyprus*
Key Facts
| Population | 803,000 |
|---|---|
| Collective Bargaining Coverage | 52% |
| Proportion of Employees in Unions | 54% |
| Principal Level of Collective Bargaining |
industry and company |
| Workplace Representation |
union |
| Board-level Representation |
no |
| Company Board Structure |
monistic |
Trade Union
Cyprus has a relatively high level of trade union organisation – between 55% to 58% according to government statistics. There are two major trade union confederations, the PEO and the SEK, and a smaller one DEOK, as well as important autonomous unions representing public sector workers, bank employees and teachers.
more ...Collective Bargaining
There is both industry and company-level bargaining in Cyprus. In total more than half of all employees in Cyprus are covered by collective bargaining, although precise figures are not available.
more ...Workplace Representation
Workplace representation in Cyprus is through the unions. Arrangements at workplace level depend on the particular circumstances that apply in each workplace.
more ...Board-level Representation
Employees have no statutory right to be represented at board level in Cyprus, although there are union representatives on the boards of two banks.
more ...European-level Representation
Representatives at European level are in the first instance chosen by the union.
more ...Financial Participation
Employee financial participation in the form of employee (share) ownership or profit-sharing plays no role in Cyprus’ economy. Although about 50% of Cypriot households hold shares, these are not related to their work situation. Public and political interest for this topic is relatively low. This The most important form of employee financial participation are cooperatives. More than 50% of the population are cooperative members and the Cypriot cooperative sector belongs to the best developed in the world.
more ...* The section deals only with the area controlled by the officially recognised government of Cyprus, the Greek-Cypriot south of the island.
