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Thousands of employees occupy Bank of Cyprus headquarters


Thousands of employees of the Bank of Cyprus have occupied Nicosia headquarters to protest at a restructuring deal within the EU bailout, fearing that the merger could result in job cuts.

The Tuesday demonstration came after the country’s largest commercial bank announced plans to take over Laiki Bank, the island’s second largest bank also known as Cyprus Popular Bank. 

"If their only goal right from the start was to destroy the banking sector of Cyprus then it looks like they found the way. After Popular Bank it will be us and even worse after that," said Bank of Cyprus employee Panicos Stelaianou.

This ...