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Ararat Gold Recovery LLC Management Dismisses 500 Striking Employees

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  • Ararat Gold Recovery LLC Management Dismisses 500 Striking Employees

    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.
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