Khutul Cement & Lime JSC workers strike against director

On April 10, Government Director of “Khutul Cement & Lime” JSC L.Naranbaatar held a press convention
 and gave newest details about the corporate. Khutul Cement & Lime is a strategically essential manufacturing facility that provides technological lime to the copper focus of “Erdenet Trade” SOE. Up to now 12 months the corporate has been below the administration of L.Naranbaatar and he has introduced the corporate’s efficiency since he took over the administration.

He acknowledged that, in 2022, 403,393 tons of cement was produced which is far more than the identical interval earlier 12 months and lime manufacturing additionally elevated from the earlier 12 months’s manufacturing.

In 2022, Khutul Cement & Lime spent 85.5 billion MNT in bills whereas that they had a revenue of 100 billion MNT. After the transition to state possession in 2022, the web revenue grew to become 11.6 billion MNT, which is the primary time the corporate made a revenue within the final decade. 

The entire wage fund for workers has been doubled from 10.8 billion MNT to twenty.6 billion MNT in 2022, and thus the typical wage has elevated from 1.2 million MNT to 2.1 million MNT. When it was privately owned, in 2021, solely 600 million MNT was invested within the firm, and in 2022, with its personal funding, a complete of seven.9 billion MNT was made to improve the tools. This was the primary funding made within the final 5 years. For instance, the typical value of limestone, which is the primary stage of manufacturing, has been diminished by modernizing mining methods and investing in heavy-duty autos, bulldozers, and loaders.

Nevertheless, there have been allegations concerning the firm’s unlawful spending of the finances, which made the employees offended. 

A after the director’ assertion to the general public, on April 11, the employees of Khutul Cement & Lime JSC began a protest exterior the State Property Coverage and Regulation Division. They made calls for to Head of the State Property Coverage and Regulation Division B.Tsengel saying, “Give cost- based mostly incentives. Appoint the manufacturing facility director from inside. Maintain L.Naranbaatar accountable in response to the audit findings. Instantly convene the board of administrators.”