Resumption of Production in the Ready-Mix Concrete Industry
December 4, 2024
The ready-mix concrete industry in Cyprus is starting to return to normalcy, with 70-75% of production expected to resume. Agreements between unions and companies have allowed for the resumption of activities, but strike actions will continue in companies that do not renew their contracts. The negotiation process has been unprecedented, as there is no longer a central body to oversee the agreements. While full normalcy is anticipated to improve the market, the economic losses from the previous strike remain significant.