Serves them right!
They should have stayed with A320's, instead of the expensive switch to new 73's. I know that their fleet change budget back then was high, as they needed to bring in many temps like me to fly the 320 whilst their permanent pilots were learning the 73. (btw, this is very much tongue in cheek, as all this was back in 2002, but many of their pilots were not best pleased with the switch to old technology)
Good luck to the lads and lasses now seeking new employment; not too many airlines to choose from in Cyprus. And I am sorry for the people in the hotel/holiday industry there too. This is damaging.