WORLD FINANCIAL CRISIS IMPACT ON ARMENIAN MINING INDUSTRY
Panorama.am
16:10 13/11/2008
For three months the workers of Kapan, Qajaran and Agarak mining
companies are not threatened to lose their jobs because of shortenings,
announced Armen Movsisyan, the Minister of Energy and Natural
Resources, when reporting about his visit to Syuniq region.
Note that by the Prime Ministers decree signed on November 7, the
Ministers of Energy and Natural Resources, Labor and Social Affairs,
and Economy made a working visit to Kapan, Qajaran and Agarak to get
acquainted with the local mining industries. The local working staff
"threatened" to announce a strike as the employers wanted to reduce
their salaries and to make shortenings.
"World Financial Crisis has had its impact on mining industry,
which brought its aftermath to Armenian mining. The mining companies
of Qajaran, Kapan and Agarak have to meet financial difficulties. We
have made agreements with the employers not to make any shortening for
three months. After three months the situation should be thoroughly
studied and new decision made," said A. Movsisyan.