PJSC MMC Norilsk Nickel and employees of the company extended the Collective agreement for three years

Moscow, November 19, 2015 — Norilsk Nickel maintains high social standards, even in unfavorable conditions on the global metals markets. An example of the company’s responsible approach to the social sphere is today’s signing of the decree extending Collective Agreement between PJSC MMCMining and Metallurgical CompanyPublic Joint Stock Company "Mining and Metallurgical Company "Norilsk Nickel"Go to the glossaryGo to the glossary Norilsk Nickel and employees of mining and metals company for 2015-2018.

The decree was signed by all 16 members of the Collective Agreement Committee, which comprised employees and NN management on a parity basis. The signing ceremony was attended by representatives of employees and management, headed by Vladimir Potanin, President of PJSC MMC Norilsk Nickel.

This collective agreement was signed in 2012. The document was developed based on the experience of past years of social partnership and employees’ proposals. Within its validity period, the contract has undergone numerous changes related to new legislative requirements in terms of social and labor relations and working conditions for certain categories of employees.

The Collective Agreement was developed with account for recommendations of the leading research organizations in Russia. In November 2015 the document was highly praised by the National Research University “Higher School of Economics” that conducted its legal and social and economic appraisal. HSE opinion states that the company assumes social obligations with respect to its employees that go far beyond labor law. It was also noted that benefits and guarantees program applies not only to employees but also to their families, and to former employees, this indicates a conscientious approach of the employer to implementing social partnership objectives and the aspiration to create the best conditions for employees.

Norilsk Nickel is committed to transparency of remuneration system for its employees, revealing its individual parts and the initial conditions of payment. The positive fact is the presence of the clause regarding indexation of wages. The provisions of the Collective Agreement are aimed at strengthening social partnership and balance of interests of the company, its employees and the regions of operation.

Commenting on the signing of the Collective Agreement, Vladimir Potanin, the President of MMC Norilsk Nickel said: “Metals industry is probably in the most difficult economic situation over the past 20 years. About 70% of world nickel producers are working at a loss. Nevertheless, Norilsk Nickel pays great attention to maintaining social standards. We extend collective agreement with employees on the same terms. The previous social package is in no way reduced. The company continues to deliver its social obligations in full, so that employees are not affected by the economic difficulties the company is facing”. Roman Lyashko, employees’ representative and Chairman of the Social and Labour Council of the company, in turn, added that “it is the most socially oriented document, which reflects almost all the suggestions made by employees of the company.”

The collective agreement contains additional social guarantees and benefits, not envisaged by the established laws and other normative legal acts, as well as by the previous collective agreement. In particular, the new collective agreement provides for enlarged “social package”, including compensation of the annual travel to a vacation place and back for employees and their families, implementation of housing programs aimed at retaining young, highly skilled and rare staff, including Corporate programs “My Home” and “Our Home”. The document takes into account the program of relocation of former employees of the company to the regions with more favorable climatic conditions, improving the system of training and staff development, as well as the improvement of pension plans.

The extended Collective Agreement will be valid within the maximum period of time of three years.