01.06.2012
The National Agency of Investment and Privatisation Agency has begun to hold meetings with the employees of the enterprises who participate in the pilot privatisation project implemented with the support of the World Bank. This week representatives of the agency have presented the project and answered the questions of the management and workers of Minsk Margarine Factory.
In particular, the employees were interested in the NAIPA's approaches to search for a strategic investor for the enterprise, prospects of its efficient operation upon sale, guarantees of attracting the investment required for the factory's development, transparency of privatisation deals, social protection of the employees, namely preservation of workplaces, salaries, social guarantees etc.
The NAIPA with the support of the World Bank has been searching for strategic investors for each of 8 OJSCs in relation to which it performs the duties of the privatisation body (Minsk Margarine Factory, Belgazstroi, Avtomagistral, Construction and Assembly Trust No. 8, Baranovichi Reinforced-Concrete Structures Factory, Medplast, Konfa, Belsantechmontazh 2). Pursuant to the advanced global practice authoritative financial consultants are involved in the privatisation process, and an individual approach is applied to each company which is manifested by active preparatory work with trade unions, workers, and management.
Following the meeting at Minsk Margarine Factory it was decided to have regular contacts which would enable to take into consideration the concerns of the employees of the enterprise being privatised and ensure complete openness of the pilot privatisation process.