MOSCOW - April 28, 2020 - (Newswire.com)
The well-being of employees is a top priority for Nornickel, one of the world's largest mining and metal companies. By the order of Vladimir Potanin, its majority owner, all employees, with the exception of those essential for the continuity of business operations, are working from home while retaining their salaries in full, including those who are not able to keep their regular work schedules due to childcare facilities closures or lack of remote work capabilities. Essential workers and staffers who continue tending their workplaces are rewarded with bonuses in addition to regular compensation.
“Nornickel is secure with its level of liquidity until 2023, and it is in these difficult times we, as a company, must extend the best of our resources to support our workers to ensure their safety and health. Given the diversified nature of our operations and that of our geographical footprint, this is not an easy task. But we are up to the challenge and we will never lose sight of our most valuable asset: our talented people,” said Vladimir Potanin, Norilsk Nickel president.
While the worldwide job loss rate is racing to the tens of millions, Norilsk Nickel has launched a series of unprecedented corporation-wide initiatives aimed at supporting some 74,000 workers and the social well-being in the cities of its operations: volunteer teams have been formed to participate in the “Rush to the Rescue” drive to deliver food, medicine and other essential supplies to those in need. Vladimir Potanin himself has made headlines by ordering his company to donate $143 million to help fight COVID-19. According to Forbes and Barrons, this makes the largest pandemic response in Russia and one of the most significant contributions in the world.
Nornickel, one of the world’s largest precious and rare metal and mining companies is operating in Russia’s far north area of the Norilsk Industrial District on the Kola Peninsula and Zabaykalsky Krai, as well as in Finland and South Africa.
About
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of palladium, high-grade nickel and a major producer of platinum and copper; it also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint Petersburg Stock Exchanges; ADRs are traded over the counter in the U.S. and on the London, Berlin and Frankfurt Stock Exchanges.
Contact: Tatyana Egorova, pr@nornik.ru
Press Release Service by Newswire.com
Original Source: Vladimir Potanin Keeps Full Salaries for All of Norilsk Nickel Workers Amid Millions of Jobs Lost Worldwide Due to the COVID-19 Pandemic
