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Do workers of Mill get salary in time?
11-06-2007 14:31:01 - KarabakhOpen
The workers of the Mill owned by Movses Sahakyan have not got their
salaries since September. Recently the government has announced to
allocate funds for paying the salary debts of the company which has
been put up to sale. The Mill Company was set up with the assistance of
the ex-minister of defense Samvel Babayan in 1996. It is the only
elevator in Karabakh. After the conflict between the ex-defense
minister and the president of NKR a group of representatives of the ARF
Dashnaktsutyun abroad owned the mill and the bread factory of
Stepanakert, who had supported the president. Soon, however, most
owners sold their stocks, and Movses Sahakyan who had a small
percentage of stock became the owner of both companies.
Apparently, the companies were not run in accordance with the rules of
economy. In particular, the stockholders made investments but drew
dividends from small profit. The management was also poor, and now the
former CEO of the bread factory is detained. One way or another, about
80 workers of the mill have not been paid for many months now.
Arthur Arzumanyan, the new CEO of the bread factory told us the workers
got the salaries for the past two months. The managers are going to pay
for May.
11-06-2007 14:31:01 - KarabakhOpen
The workers of the Mill owned by Movses Sahakyan have not got their
salaries since September. Recently the government has announced to
allocate funds for paying the salary debts of the company which has
been put up to sale. The Mill Company was set up with the assistance of
the ex-minister of defense Samvel Babayan in 1996. It is the only
elevator in Karabakh. After the conflict between the ex-defense
minister and the president of NKR a group of representatives of the ARF
Dashnaktsutyun abroad owned the mill and the bread factory of
Stepanakert, who had supported the president. Soon, however, most
owners sold their stocks, and Movses Sahakyan who had a small
percentage of stock became the owner of both companies.
Apparently, the companies were not run in accordance with the rules of
economy. In particular, the stockholders made investments but drew
dividends from small profit. The management was also poor, and now the
former CEO of the bread factory is detained. One way or another, about
80 workers of the mill have not been paid for many months now.
Arthur Arzumanyan, the new CEO of the bread factory told us the workers
got the salaries for the past two months. The managers are going to pay
for May.