Sheki Ipek JSC Management Refutes Reports on Termination of Work (UPDATED)

The JSC Sheki Ipek management refutes reports on the termination of operation of the enterprise and on sending 600 employees on an unpaid leave.

The refutation sent to Turan IA says the information about the full stop of the enterprise is "unfounded."

"So, regarding the production facilities, the activities were only stopped at the spinning and weaving workshops, where 150 people work. They are sent on regular paid leave, and some others - on unpaid leave due to lack of raw materials.

All other workshops of the company are currently working," the statement on behalf of the plant management says.

Recall, yesterday employees of the company told Turan IA’s correspondent the company stopped work. -02D-

2015 August 14 (Friday) 15:22:05

The production at the Silk Mill JSC Sheki Ipek has been fully stopped. Since yesterday, all the employees of the company - about 600 people – have been sent to an unpaid leave. Prior to this, the employees were given a salary in May alone. Turan was told by the staff of the enterprise, it is not reported when the company will resume.

The plant has not produced silk for long. Instead, it has produced cotton products only focused on export to Russia and Turkey. The volume of production has fallen.

We did not manage to get an official comment from the management of the plant and in the Ministry of Economy and Development.

According to unofficial data, Sheki Ipek is one of the debtors of JSC International Bank of Azerbaijan, and is associated with the former head of the IBA Jahangir Hajiyev. -06D-