Development and Social Support of Personnel

Our activities in the social sphere cover improving employees’ health, protecting mothers and children, organising employees’ rest and meal breaks, social assistance to pensioners and veterans, developing and training people, and social encouragement of best employees.

We paid employees of the Cherepovets Steel Mill over $10 million in social benefits and guarantees in 2009.

We spent over $15 million on the Severstal Health programme whose main task is to promote the health of metallurgists. This made it possible to decrease the incidence rate at the Cherepovets Steel Mill by 3.4% compared to 2008. Work is underway to develop the material and technical resources of the Severstal Medical Unit, and we introduced a magnetic resonance imager worth $2.8 million in 2009.

We allocated $6 million to improving the health of employees of the Cherepovets facility division in 2009, which enabled about 9,000 employees of the Cherepovets Steel Mill, the service segment and the Cherepovets facility of the hardware segment, to have a rest and take treatment in sanatoria.

We have discharged our responsibilities in favour of our former employees in full. Specifically, the amount of occupational pension payments in 2009 was about $15.7 million.

Last year the Cherepovets Steel Mill completed the construction of residential buildings under the Corporate Housing Programme, with a total 2,345 apartments in 24 buildings commissioned since 2006.

We continued to implement a package of programmes aimed at training highly qualified experts for our Severstal Resources division. Named Young Resources, it enables 40–90% of corporate class graduates to enter higher educational institutions on majors courses, and offers favourable employment prospects with Severstal.