In the statement, the company informed that "as of 31 January 2018, the number of the company employees made up 1190 people, out of which 1032 employees have received notifications on the termination of their employment contracts in 2 months based on the company staff redundancy. Nevertheless, the company does its best trying to maintain the nucleus of the staff having narrow specialization so as to enable quick re-launch of the production after solving the problems the company is currently facing giving priority to laid-off people. As a result of redundancies, the number of the company staff will make up around 300 people, who will deal with the preservation of the company area and property, as well as maintain the complex equipment needing special care. Around 200 people will be transferred to other companies of 'Vallex' Company Group to jobs in line with their professions and qualifications."
A few days ago, the Vallex Group announced a termination of the copper and molybdenum mining activities within the current volumes for a non-fixed term, referring that the company is "working on expanding its mineral processing capacity and operating efficiencies. (...) Unfortunately, under current circumstances, the company cannot maintain the workload either the remuneration levels of its 1200 employees. Furthermore, not having the sources of income without its production the Company has made the difficult, but the only possible decision under current RA Labor code, to issue the two months in advance the Letters of Employment Termination to its employees."
The situation remains uncertain, which will bring serious financial asocial struggle for the people of the poor region as the company will provide work only to "a small number of employees who will be tasked with making sure that our mobile and plant equipment and the infrastructure is duly taken care of and maintained while in a shutdown mode."
This article is based on materials of the informational NGO EcoLur: 'Vallex' Stopped Teghout Mining for Non-Fixed Term and
1032 out of 1190 'Teghout' CJSC Employees Received Notifications on Termination of Employment Contracts.