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Cyprus’s Coca-Cola, KEAN Plant Workers Plan to Strike Over Pay

Workers at Cyprus’s Coca-Cola bottler Lanitis Brothers Ltd., a unit of Greece’s Coca-Cola HBC, and KEAN Soft Drinks Ltd, will hold a 24-hour strike tomorrow and may decide to prolong it, a union official said.

“We are going ahead with the strikes because employers are violating a collective agreement” by refusing to compensate workers for inflation, Giorgos Kasouris, an official at SEK, one of the two major unions on the east Mediterranean island, said today on the phone.

Pepsi-cola bottler Andreou & Paraskevaides Enterprises Plc agreed today to grant workers a 1.7 percent pay rise for the loss of purchasing power they suffered in the second half of 2011 through inflation, Kasouris added.

-- Editor: Tim Farrand

To contact the reporter on this story: Stelios Orphanides in Nicosia at

sorphanides@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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