NLMK Group Funding for Social Programs Up 14% in 2014
03/05/2015 - NLMK Group increased funding for social programs in 2014 by 14% to 2.9 billion rubles.
NLMK Group’s Social Policy priorities remained unchanged in 2014, with a focus on providing comfortable and safe working conditions; supporting professional development and career growth; providing improved healthcare for NLMK employees and members of their families; organization of sporting and cultural events; and co-financing of supplementary private pension programs.
Alexander Sokolov, NLMK Group vice president for social issues, said: “NLMK Group creates comfortable and safe working conditions for its employees and ensures a good standard of living for their families. This enables the Company to improve employee morale and, consequently, to increase production efficiency. As a result, in 2014 the Company achieved new performance records, as well as gains of approximately US$500 million over the last two years from operational efficiency programs that did not require substantial investment.”
In 2014, funding for family and maternity support programs, youth initiatives and welfare and education programs reached 927 million rubles. For many years, NLMK has provided support for educational institutions in both organization of the education program and creation of the conditions students require to receive a quality education. NLMK Group employees are involved in a wide range of educational programs including professional mentoring, training in related professions and a variety of specialized courses and workshops. In 2014, approximately 13,000 workers attended educational programs at Novolipetsk alone.
Over 800 million rubles was allocated for improvements in employees’ working conditions and disability and retirement benefits. Approximately 274 million rubles went towards healthcare for employees; whilst an additional 165 million rubles was used to provide treatment for NLMK Group employees and their families at healthcare resorts.
134 million rubles was used to co-finance supplementary private pension programs for NLMK Group employees; whilst the company spent 87 million rubles on social support for retirees and disabled people.
In 2014, NLMK Group continues to fund employee housing programs, with approximately 134 million rubles allocated in 2014 the bulk of which was used to fund the Housing for Young Steelmakers program at NLMK’s Lipetsk production site; and the housing program for employees at NLMK’s new next-generation plant, NLMK Kaluga. More than 100 million rubles was allocated for sporting and cultural initiatives.
NLMK donated more than 188 million rubles to the Miloserdiye charity fund for the support of vulnerable social groups, orphans and orphanage leavers; and retired citizens. The Miloserdiye charity fund was able to help more than 30,000 people in the Lipetsk region.
Alexander Sokolov, NLMK Group vice president for social issues, said: “NLMK Group creates comfortable and safe working conditions for its employees and ensures a good standard of living for their families. This enables the Company to improve employee morale and, consequently, to increase production efficiency. As a result, in 2014 the Company achieved new performance records, as well as gains of approximately US$500 million over the last two years from operational efficiency programs that did not require substantial investment.”
In 2014, funding for family and maternity support programs, youth initiatives and welfare and education programs reached 927 million rubles. For many years, NLMK has provided support for educational institutions in both organization of the education program and creation of the conditions students require to receive a quality education. NLMK Group employees are involved in a wide range of educational programs including professional mentoring, training in related professions and a variety of specialized courses and workshops. In 2014, approximately 13,000 workers attended educational programs at Novolipetsk alone.
Over 800 million rubles was allocated for improvements in employees’ working conditions and disability and retirement benefits. Approximately 274 million rubles went towards healthcare for employees; whilst an additional 165 million rubles was used to provide treatment for NLMK Group employees and their families at healthcare resorts.
134 million rubles was used to co-finance supplementary private pension programs for NLMK Group employees; whilst the company spent 87 million rubles on social support for retirees and disabled people.
In 2014, NLMK Group continues to fund employee housing programs, with approximately 134 million rubles allocated in 2014 the bulk of which was used to fund the Housing for Young Steelmakers program at NLMK’s Lipetsk production site; and the housing program for employees at NLMK’s new next-generation plant, NLMK Kaluga. More than 100 million rubles was allocated for sporting and cultural initiatives.
NLMK donated more than 188 million rubles to the Miloserdiye charity fund for the support of vulnerable social groups, orphans and orphanage leavers; and retired citizens. The Miloserdiye charity fund was able to help more than 30,000 people in the Lipetsk region.
