MANAGEMENT OF ARARAT GOLD RECOVERY LLC DISMISSES 500 STRIKING EMPLOYEES
YEREVAN, MAY 24, NOYAN TAPAN. The management of the Ararat Gold
Recovery LLC, in fact, announced a lock out and dismissed all of 500
employees who have been on strike for already a month. Noyan Tapan’s
correspondent was informed about this from reliable sources.
The main demands of the strikers are to prolong the term of contracts
that have been concluded for a 3-month term by now. Besides, the
strikers demanded to give their salary in drams as with an average
salary in the amount of 70 dollars they sustain financial losses because
of fall in dollar’s exchange rate.
According to the same source, the enterprise management is going to
engage new employees in the place of the dismissed ones. At the same
time the Press Service of Armenian government confirmed the information
about the strike, which is going on.
To recap, the Ararat Gold Recovery has been owned by the Sterlite
company from 2000. The company is registered in London, its owners are
citizens of India.