Bank Of Baku

Settar Mehbaliyev: “There is no serious staff reduction in Azerbaijan in connection with the world financial crisis:”

Settar Mehbaliyev: “There is no serious staff reduction in Azerbaijan in connection with the world financial crisis:”
# 13 April 2009 11:02 (UTC +04:00)
Baku. Elnur Mammadli – APA. “There is no serious staff reduction in Azerbaijan in connection with the world financial crisis,” Chairman of Azerbaijan Trade Unions Confederation Settar Mehbaliyev said, APA reports. He said that some companies, enterprises, ministries cancel employment agreements with people over 70 years old, they are pensioned off.

Settar Mehbaliyev noted that the enterprises covering pipe making, aluminum and other spheres suspended work.
“We are holding negotiations so that the employees can get two thirds of their salaries while the enterprises are closed. There are serious staff reductions in the largest industrial enterprises of the world, it also has influence on Azerbaijan. Due to the economic crisis, some contracts are cancelled, money transfers reduce, this may cause reduction of jobs, or suspension of enterprises,” he said.

Settar Mehbaliyev said the economic crisis did not impact the salaries, only some preferences were cancelled.
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