Tashkent, Uzbekistan (UzDaily.com) –– The Presidential resolution “On Measures for Reforming the State Enterprise “Navoi Mining and Metallurgical Combine” was adopted.

In accordance with the resolution, the name of the state-owned enterprise Navoi GMK was changed to State-owned enterprise Navoiuran, an enterprise for the extraction and processing of natural uranium and rare-earth metals.

Also, on the basis of part of the property of the SE Navoi GMK, the following will be established:

- a manufacturing enterprise for the extraction and production of precious metals in the form of JSC Navoi GMK;

- State institution “NGMK Fund”.

The founder of the State Institution “NGMK Fund” and the state enterprise “Navoiiyuran” is the Agency for Management of State Assets.

The Ministry of Finance performs the functions of a shareholder (founder) in relation to the state share in the authorized capital of NGMK JSC.

The transfer of employees of the SE Navoi GMK to JSC NGMK and the State Institution Fund NGMK is carried out in accordance with article 98 of the Labor Code.

At the same time, the transferred workers retain the current conditions of remuneration of labor, including established tariff categories and rates, bonuses, surcharges and allowances, material assistance, as well as district coefficients.

Also, it is not allowed for 5 years to reduce the number of employees and change the profile of the social infrastructure facilities of the SE Navoi GMK transferred to the authority of the NGMK Fund.

The resolution established the Commission for the integrated solution of labor issues and social protection of workers of the SE “Navoi GMK” and its main tasks are defined.