Employees of Azerboru Cannot Get Wages
«For three months, we have not been given the already low wages. At the same time 95% of the employees were released on forced vacation." This is stated by a group of workers of Sumgait Pipe Plant - JSC Azerboru.
The workers say that since March this year their nutrition has been suspended. Wages at the plant are average 250 manat.
In the summer of 2013 the government privatized a 97.39% stake in JSC Azerboru, which was acquired via the investment contest by LLC Baku Steel Company. The company has committed to invest in the company 5 million 267 thousand manat.
Idle since May, the pipe plant has more than 1,100 employees.
A spokesman for LLC Baku Steel Company Namig Akhmedov told Turan the company is in financial difficulties. However, they are looking for ways of repayment of wages to the employees of the Sumgayit enterprise. -----08B
-
- Economics
- 30 July 2015 12:48
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review