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Hraparak: Bankrupt Armenian cement plant amid salary scandal
09:46 * 26.08.14
Mika Cement, the Hrazdan-based cement plant which declared itself
bankrupt in 2012, turns out to owe five months' salary to its staff.
Citing its sources close to the company, the paper says that about two
days ago, only workers received their April salary from VTB Bank. The
paper claims that the salaries began to be regularly paid after the
plant's workforce went on a strike in Hrazdan earlier this summer.
Aditionally, about 300-400 employees are claimed to be in a state of
idleness. Citing further its sources, the paper adds that the
long-awaited unpaid salaries four of the employees to suffer stroke,
of whom two later died, unable to find means for treatment. The deaths
lie upon the conscience of the plant's former owner, Mikhail
Baghdasarov, says the paper, adding that the employees are still in
the dark as to why they get their salaries from the Russian bank.
The paper claims further that the company deliberately keeps the staff
in ignorance, having disconnected all the telephones, apart from the
one at the Human Resources Department. Besides, the plant's board of
directors has been re-organized, adds the paper. "I am no longer the
general director. I am a deputy CEO," Naira Martirosyan, a former
chief of the plant, told the paper, adding that Artur Muradov is their
current CEO.
The paper adds that the strangely secret behavior adopted by Mika
Cement and VTB Bank gives way to different rumors in Hrazdan. Some
reportedly say that the plant came under the ownership of Russians
after it went bankrupt two years ago. The Russian bank is said to have
acquired Mika Cement in return for an unredeemed pledge worth $20
million. Though the media earlier claimed that the company was later
sold to Armenian businessmen in Russia, the paper says that the
reports have been neither confirmed nor denied by the bank. Citing its
own sources, it claims, however, that the new owners have direct
connections with VTB. After studying the situation in the plant, they
reportedly declared that they are not able to pay off the salary
debts. Speaking to the paper, sources at the bank admitted that the
pay the salaries of Mika Cement, but they reportedly declined to
respond to further questions, demanding a written request.
Armenian News - Tert.am
09:46 * 26.08.14
Mika Cement, the Hrazdan-based cement plant which declared itself
bankrupt in 2012, turns out to owe five months' salary to its staff.
Citing its sources close to the company, the paper says that about two
days ago, only workers received their April salary from VTB Bank. The
paper claims that the salaries began to be regularly paid after the
plant's workforce went on a strike in Hrazdan earlier this summer.
Aditionally, about 300-400 employees are claimed to be in a state of
idleness. Citing further its sources, the paper adds that the
long-awaited unpaid salaries four of the employees to suffer stroke,
of whom two later died, unable to find means for treatment. The deaths
lie upon the conscience of the plant's former owner, Mikhail
Baghdasarov, says the paper, adding that the employees are still in
the dark as to why they get their salaries from the Russian bank.
The paper claims further that the company deliberately keeps the staff
in ignorance, having disconnected all the telephones, apart from the
one at the Human Resources Department. Besides, the plant's board of
directors has been re-organized, adds the paper. "I am no longer the
general director. I am a deputy CEO," Naira Martirosyan, a former
chief of the plant, told the paper, adding that Artur Muradov is their
current CEO.
The paper adds that the strangely secret behavior adopted by Mika
Cement and VTB Bank gives way to different rumors in Hrazdan. Some
reportedly say that the plant came under the ownership of Russians
after it went bankrupt two years ago. The Russian bank is said to have
acquired Mika Cement in return for an unredeemed pledge worth $20
million. Though the media earlier claimed that the company was later
sold to Armenian businessmen in Russia, the paper says that the
reports have been neither confirmed nor denied by the bank. Citing its
own sources, it claims, however, that the new owners have direct
connections with VTB. After studying the situation in the plant, they
reportedly declared that they are not able to pay off the salary
debts. Speaking to the paper, sources at the bank admitted that the
pay the salaries of Mika Cement, but they reportedly declined to
respond to further questions, demanding a written request.
Armenian News - Tert.am