Yerevan, 25.March.2019,

Zhoghovurd: Armenian mining company cuts jobs

The paper says it has learned from sources that a mining venture operating in the southern region Syunik has cut 60 jobs over the recent period.

The move is reportedly linked to the name of Surik Khachatryan, the notorious regional governor who formerly headed the plant together with Maxim Hakovyan, currently the CEO of the Zangezour Copper-Molybdenum Combine.

Hakobyan only recently “quit” the company, leaving it under Khachatryan’s sole leadership, says the paper.

Financial difficulties are said to be the reason behind the recent lay-off. The paper says it didn’t manage to contact the company’s leadership for further comments. Khachatryan also reportedly did not answer calls.

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