EMPLOYEES DEMAND THEIR SALARIES

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[07:52 pm] 24 December, 2008

Employees of Nairit Ltd staged a protest action in front of the
government building on December 24. They demanded their salaries of
November. The protesters said they had been paid only 30% but they
needed the whole sum.

"All senior workers have been sent home while others go to work and
get a high salary. Why should we be discriminated against?" complained
chemist Susanna Antonyan.

The Company employs 2742 people but most of them are presently on a
forced leave.

Assistant director Karen Poghosyan ensured they will soon be given the
two thirds of their salaries. He also noted that the global economic
crisis had greatly affected their activities and product circulation.

Protester Alvard Hakobyan says she feeds four underage children with
a 35.000-dram salary but today she is deprived of the ridiculous sum.

The protesters were received by the RA Ministry of Energy and Natural
Resources Armen Movsisyan who promised to tackle the issue by the
end of the week. The Minister promised to visit the factory after
the holidays.

The company administration pledges to pay off the remaining debt of
287 million drams by the turn of the week.

Note that 90% shares of the company belong to Rhinoville Property
Ltd and the other 10% to the Armenian Government.