SKLAVENITIS provided an emergency financial payment of €300 to each employee in Cyprus, extending to the Cypriot market the same initiative recently implemented in Greece. According to sources, the decision applies to the company’s entire workforce and, according to the company’s statement, is intended to reward employees for their contribution to the Group’s progress.
Specifically, more than 2,760 employees in Cyprus are eligible for the one-time bonus, with the total cost estimated at approximately €830,000. The company announced that the process has already been completed, as the €300 has been credited to the employees’ individual cards. This means that, according to the information provided, the benefit is not in the planning or announcement stage, but has already been distributed to eligible recipients.
This is financial assistance provided in addition to existing employee benefits. The amount is the same for every employee, as stated in the announcement. It is not presented as a change in regular compensation, but as a separate initiative by the Group, with a specific amount per employee. The fact that it covers all employees in the Cypriot market is a key feature of the decision. In other words, there is no mention of selective payments to specific departments of the company, but rather a uniform one-time payment to all its employees in Cyprus.
This move follows the implementation of a similar measure in Greece and, as the company points out, part of the SKLAVENITIS Group’s decision to actively recognize the contribution of its workforce to the company’s positive business performance and results. It is also noted that the bonus is explicitly linked to the staff’s participation in the company’s progress and not to any individual action or performance.
In addition to this specific one-time bonus, SKLAVENITIS states that it already provides its staff in Cyprus with additional benefits. These include a 14th month’s salary, as well as Christmas and Easter bonuses, which are separate benefits.
