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Nairit Chemical Giant's Employees To Receive Their One-Month Salary

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  • Nairit Chemical Giant's Employees To Receive Their One-Month Salary

    NAIRIT CHEMICAL GIANT'S EMPLOYEES TO RECEIVE THEIR ONE-MONTH SALARY NEXT WEEK

    YEREVAN, July 10. /ARKA/. Armenian Prime Minister Hovik Abrahamyan
    told Nairit chemical giant's employees as met them today that the
    next week they will receive their one-month salary and that the new
    government will try to find guilty persons and punish them. He said
    the government will also find ways for re-launching the plant.

    Some 100 employees of the plant gathered today outside the government's
    building demanding repayment of their accumulated outstanding salaries.

    The Cabinet was in session at the moment and Prime Minister Hovik
    Abrahamyan promised the demonstrators a meeting after the completion of
    the session and proposed them to choose 20 delegates for the meeting.

    Hrach Tadevosyan, chairman of the plant's trade union, said the
    Nairit employees want the plant to resume operating. He said the
    government should decide whether to freeze the plant's debts or to
    do something else. "There were many proposals," he said. One of them
    was to separate a part of the plant, as it was in 2001, and distribute
    debts recognizing one part as a bankrupt and launching the other part
    without debt to make it attractive for investors.

    Tadevosyan said there are 2,300 people employed at Nairit, but only 800
    of them are working now, while others are on forced leave receiving
    two thirds of their wages. Outstanding wages for 16 months have been
    accumulated since 2010.

    The prime minister said that he will discuss the matter on June 11
    when meets his Russian counterpart Dmitry Medvedev in Sochi.

    Nairit was the only plant in the Soviet Union to produce chloroprene
    rubber. The plant was closed in 1989 for environmental reasons and
    resumed operating partially in 1992.

    In 2001, some production facilities were separated from the plant for
    producing chloroprene rubber and a debt-free enterprise based on them
    was established.

    In 2006, 90% of Nairit's shares were sold to British Rainoville
    Property Limited for $40 million. The remaining 10% belong to the
    Armenian government.

    In late December 2013, Rosneft, Pirelli Tyre Armenia and
    Rosneft-Armenia signed a memorandum to produce butadiene-styrene
    rubber here.

    Earlier, former prime minister Tigran Sargsyan said that Rosneft wanted
    to invest $400 million in the new plant, and Russian Ambassador to
    Armenia Ivan Volinkin voiced hope that Nairit specialists would be
    in demand at the new enterprise.

    Rosneft has not backtracked on its investment program so far. Nairit's
    outstanding payments totaled $12 million in November 2013. -0----

    - See more at:
    http://arka.am/en/news/society/nairit_chemical_giant_s_employees_to_receive_their _one_month_salary_next_week/#sthash.3o0MG7Ya.dpuf



    From: Emil Lazarian | Ararat NewsPress
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