Smart-Holding, the main shareholder of Amstor Group, arranged for payment of salaries to employees of Amstor retail chain for December.

The salaries were paid in full to those employees who resumed their work in the retail chain’s stores in Kiev and Dnepropetrovsk. The payment process was organized through pay-offices of the company’s subsidiaries. In the process of payroll accounting, all payments stipulated by the current tax legislation were made.

As the employees’ employment books (records) and primary financial documentation were stolen and taken to an unknown destination by persons associated with the retail chain’s ex-manager Vladimir Vagorovskiy, payroll accounting for all supermarkets of the chain remains complicated today. Payments will only be guaranteed to those employees who return to their jobs. Only with employees at their workplaces will it be possible to restore the entire history of their employment in the company and to organize regular payment of salaries.

Reference

Smart-Holding is one of the largest industrial and investment groups of Ukraine that integrates enterprises sharing common strategic goals and business principles. Smart-Holding’s interests focus on the industries that are the key sectors of the country’s economy. The enterprises of Smart-Holding invest in assets of metals and mining, oil and gas segment, banking sector, agriculture, retail, shipbuilding and real estate. Smart-Holding’s enterprises also participate in other business projects as portfolio investors.

Smart-Holding’s strategy is aimed at efficient management of its diversified investment portfolio seeking to increase its value in the long term. Smart-Holding is continuously looking for new business lines that could become development drivers both for the Group and for the economy of Ukraine.