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Nairit Plant Employees Picketing Presidential Residence Demanding Th

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  • Nairit Plant Employees Picketing Presidential Residence Demanding Th

    NAIRIT PLANT EMPLOYEES PICKETING PRESIDENTIAL RESIDENCE DEMANDING THEIR SALARIES

    arminfo
    Monday, November 26, 12:26

    Nairit Plant employees have organized a picket in front of the Armenian
    president's residence demanding their salary.

    The picketers marched along the central streets in Yerevan up to the
    presidential residence. They told ArmInfo that Nairit Plant has not
    paid their salary for 11 months. They no longer pin hopes with the
    Nairit leadership and demand president's interference to settle the
    problem with arrears.

    The Presidential Administration representatives told the picketers
    that President Serzh Sargsyan is currently in Lebanon, but promised
    to contribute to at least partial payment of their salaries. They
    promised a salary for 3 months till the end of December. However,
    the picketers demand salaries for at least 6 months.

    Nairit Plant regularly faces problems with arrears of wages. The
    employees have used to get their salaries through pickets and protest
    actions. By some Mass Media rumors, Leader of Prosperous Armenia Party
    Gagik Tsarukyan is going to buy he plant. However, among potential
    buyers of Nairit Plant is also Itera Company, which offers a higher
    price. The company is currently negotiating with the Government of
    Armenia for trust management of the plant.

    Earlier Itera Group held a 10% stake in ArmRusgasprom CJSC and sold it
    to Russian Gazprom. Nairit plant was the only producer of chloroprene
    rubber in the USSR. In 1989 it was closed due to ecological reasons.

    The plant re-started its operations in 1992-1993. In 2001 production
    capacities necessary for the production of chloroprene rubber were
    separated from "Nairit". In 2006, 90% of the shares of "Nairit"
    were sold to British Consortium Rainoville Property Limited for 40
    million US dollars. Rhinoville Property Limited holds 89,999% shares
    in the plant, the Armenian Ministry for Energy and Natural Resources -
    4.496%, and ArmRusgasprom - 3.569%, Yerevan TPP - 1.907%.

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