Bank Of Baku

Akkord lays off 1 500 workers

Akkord lays off 1 500 workers
# 08 January 2009 14:19 (UTC +04:00)
The company attributed the temporary lay-off to slowdown in the implementation of various infrastructure projects due to unfavorable weather conditions in the country.
The statement also reads that Accord has already completed most of the projects it undertook.
Thus, Balakhany-Mehdiabad Road, Zigh Circle-Heydar Aliyev Airport Concrete Highway, 4 Overpasses, a road complex of 1 railway bridge and 2 tunnels, 3 residential buildings 1 residential complex with more than 2000 homes have been completed and work in 3 residential complexes and a campus is about to be completed.
Besides, reconstruction work to cover 120-km part of Baku- Russia border with concrete is being finalized.
In addition, 40% of the work in 68 kilometers of Baku-Shamakhi Road, 36 kilometers of Gazakh- Georgian border Highway has been completed.
The company noted that the distribution and re-recruitment of workers and specialists on new projects are being carried out.
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THE OPERATION IS BEING PERFORMED