24 September 2013 // Press centre Metinvest Group
Metinvest Group spent about UAH 80 million to subsidize summer vacations for 71,400 employees of the Group’s enterprises and their families in 2013.
The Group gave employees vouchers that cost them only 30% on average of the actual cost of lodging for adults and 10% of the cost for children. Vouchers for children from needy families were provided at no cost.
Destination options consisted of 57 facilities operated by Metinvest Group, including 35 by Zdravnitsa Plus: resorts on the Black and Azov seas and sanatoriums in Crimea and the Carpathians.
The program was utilized by 24,000 people from Metinvest's facilities in Mariupol (Azovstal and Ilyich Iron & Steel Works of Mariupol), 2,500 from Yenakiieve Steel, 1,200 from Khartsyzsk Pipe, and 2,800 from Avdiivka Coke. About 12,000 people from Krasnodon Coal stayed at the plant's tourist camps and rest homes, and another approximately 3,000 in recreation centers on the Black and Azov seas.
The beneficiaries included more than 10,000 children who stayed at sea resorts in Ukraine. This year the program included a "Day with Metinvest", which was developed by young metallurgical workers and miners from Metinvest's youth organization. The event featured quests and other games to teach children about jobs at Metinvest's enterprises, their parent’s work and the corporate values of the company their relatives work in.
- For editors:
Metinvest Group is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It has steel and mining production facilities in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Its strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above industry benchmarks. The Group reported revenue of USD 3.1 billion and an EBITDA margin of 15% in the first quarter of 2013. The major shareholders of Metinvest B.V. (the holding company for Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Group’s management. Metinvest Holding, LLC is the management company of Metinvest Group.