Azerenerji did not extend contracts with 250 employees, which expired last year.
The company press office reported that in the past years the company has upgraded its plants. It uses up-to-date technology and machinery, which require highly qualified personnel.
The contracts of 250 employees, which were expired, have not been extended, because their qualification does not meet the required standards. The employees will be paid compensation, according to the labor law.
Azerenerji continues hiring the employees, whose qualification meets the requirements of the modern technologies, the company reported.
Sources from Azerenerji told Turan that the company will continue laying off its employees this year. The biggest reduction of staff is expected in Mingechavir city, where Azerenerji has two power stations. The company plans to lay off about 300 people there.—0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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