NO STAFF REDUCTION CURRENTLY ENVISAGED AT ENTERPRISES OF MINING INDUSTRY

Noyan Tapan

Nov 13, 2008

YEREVAN, NOVEMBER 13, NOYAN TAPAN. No reduction of the staff is
expected at the mining enterprises in the cities of Kapan, Kajaran
and Agarak in Syunik marz (province) within the next three months,
the RA minister of energy and natural resources Armen Movsisian stated
at the November 12 sitting of the government.

To recap, the employees of some enterprises in Syunik marz announced
their decision to go on strike and complain against the management’s
intention to start wage cuts and reduction of the staff. By
instructions of the prime minister, on November 10 A. Movsisian
together with the minister of economy and the minister of labor and
social issues went to Syunik in order to familiarize themselves with
the situation on the spot.

A. Movsisian said that the global financial crisis has had its impact
on the mining industry, due to which the enterprises of Kajaran, Kapan
and Agarak have financial difficulties at the moment. According to the
minister, an agreement has been reached with the enterprises’ owners
that within the next three months there will be no reduction of the
staff and the wages will be kept at the same level. In three months,
the situation will be analyzed again and a new decision will be taken.