News Alerts

07 May 2019 | 10:26 AM UTC

Lebanon: Strike by Central Bank employees called off May 7 /update 1

Lebanon News Alert

Indefinite strike by Central Bank employees temporarily called off May 7 during negotiations with the government

TIMEFRAME expected from 5/3/2019, 12:00 AM until 5/17/2019, 11:59 PM (Asia/Beirut). COUNTRY/REGION Beirut, Central Bank of Lebanon

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Central Bank workers on Tuesday, May 7, called off an indefinite strike initiated a day prior. The head of the central bank employees' union reported the suspension of the strike during negotiation talks with the government, following positive discussions between the union and government officials. The strike was initially called to protest upcoming government budget proposals that could result in a decline in worker's wages and cuts to employee benefits. The work stoppage led to a suspension of trade on the Beirut Stock Exchange on Monday, May 6. 


Individuals in Beirut are advised to monitor situational developments to the situation, avoid any potential protests or demonstrations, and adhere to all instructions issued by local authorities and their home governments.


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