In The Course Of 9 Months, The Incomes Of "HayPost" Grew By 40%

IN THE COURSE OF 9 MONTHS, THE INCOMES OF "HAYPOST" GREW BY 40%

Mediamax News Agency
Nov 14 2007
Armenia

Yerevan, November 14 /Mediamax/. One of the key tasks of "HayPost"
is the creation of the human capital, which will secure high rating
and authority for the company.

Mediamax reports that the General Director of "HayPost" Hans Boon said
this in Yerevan today, presenting the personnel and social policy of
the company.

As Hans Boon informed, the official negotiation stage with the trade
union beings today, following the results of which, a three-year
collective labor agreement will be concluded, based on the principles
of social responsibility.

According to Boon, the employees, who have the wish and the skills
to work in "HayPost", will be provided with a reliable workplace, and
the salary will be based on the principle – real payment for real work.

The reformations in "HayPost" will aim at the establishment of
proper conditions for the work of employees, provision with a
social and insurance packages. "HayPost" is also carrying out work
on implementation of a pension scheme for its employees, including
private pension insurance.

Work is in process in "HayPost"on establishing a center of retraining
of the personnel, in certain cases the employees will gain the
opportunity of retraining within the framework of international
programs.

Touching upon the latest curtailment of the personnel, Hans Boon
stressed that exactly 100 employees were fired from "HayPost", and
not 200 or more, as certain media informed, and those curtailments
should be to greater extent considered as disciplinary measures.

"Basically, these are the people, who acted against the interests of
"HayPost" and the transparent policy, held by the company", Head of
the Company Hand Boon stressed.

In the course of 9 months of the current year, the incomes of
"HayPost", as compared to the same period of 2006, increased for 40%.

However, Hans Boon noted, "the company is not yet very profitable,
since the reforms in process require expenditures".

On November 30 of 2006, the trust management of the Armenian national
postal operator, "HayPost", was handed over to the Dutch "HayPost
Trust Management" Company.