Central Bank of Cyprus defends re-hirings

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The Central Bank of Cyprus has said it will not adopt a policy of re-hiring staff members out of early retirement, but has defended the return of three retired former employees on short-term contracts.

The workers in question elected to retire last year, before re-joining the central bank shortly after on contracts of between three and 12 months in length.

Employees are permitted to take early retirement at any point in their tenure, an option that Avgi Mylona, director of human resources

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