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World Bank To Offer Government Support In Nairit Plant's Future: Emp

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  • World Bank To Offer Government Support In Nairit Plant's Future: Emp

    WORLD BANK TO OFFER GOVERNMENT SUPPORT IN NAIRIT PLANT'S FUTURE: EMPLOYEES STILL WAITING FOR 18 MONTHS WORTH OF SALARIES

    02.19.2015 13:18 epress.am

    On February 19, the World Bank released a statement in which the
    organization plans to support the Armenian government in the prolonged
    dispute between the Nairit Rubber Plant and its employees.

    "Armenia's future economic growth highly depends on the development of
    a vibrant modern knowledge-based economy, foreign direct investments,
    and several other factors, including addressing adequately the
    legacy of economic activities in the previous era. The organization
    stated that they would help provide a "highly-respectable and
    globally-experienced" consulting firm to look over the "technical
    and financial viability" of the Nairit plant's operations in order to
    make significant decision for the plant's future," reads the statement.

    World Bank Country Manager in Armenia Laura E. Bailey clarified saying
    that "we have agreed with the Government to mobilize grant resources
    of more than $110,000 from within the World Bank for the proposed
    expertise that will ensure the quality of analyses the counterpart
    needs from internationally recognized experts. We had hoped to have
    the work begin in early February, but it took some time to ensure
    that we selected the best possible experts."

    The rest of the statement lists details for their plans:

    "Throughout the first phase, which is scheduled to begin on 25 February
    and take two and a half months, the consulting firm will specifically
    review four elements:

    - An overview of the global market for the main products that could
    be produced by the plant;

    - An assessment of the technical feasibility of production based on
    the existing plant;

    - An assessment of the financial viability of production given current
    cost structures; and

    - A strengths-weaknesses-opportunities-threats (SWOT) analysis.

    In the second phase, a basic environmental review of Nairit operations
    will be undertaken.

    The World Bank will provide close monitoring and quality review for
    this analysis of Nairit, however we would like to clarify that this
    analytical work will be conducted under the leadership of the Minister
    for Energy and Natural Resources as part of the cooperation between
    the Government of Armenia and the World Bank."

    Recall, Nairit employees have been protesting for over a year for 18
    months of unpaid salaries by the failing factory. In recent months,
    the workers were promised by the Minister of Energy and Nature
    Protection Yervand Zakharyan that they would receive one month's
    salary by February 2, but were left unpaid. On Monday, the workers
    demonstrated demanding their salaries in front of the Government
    building and were told that their complaints would be responded to
    on Friday, February 20, by the Prime Minister Hovik Abrahamyan.

    http://www.epress.am/en/2015/02/19/world-bank-to-offer-government-support-in-nairit-plants-future-employees-still-waiting-for-18-months-worth-of-salaries.html

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