The JSC Sibneft-Noyabrskneftegaz Expenditures under Collective Agreements To Go Up by 302,634,000 Rubles

The expenditures under collective agreements of JSC Sibneft-Noyabrskneftegaz and its subsidiaries this year will be increased by 302,634,000 Rubles – the relevant decision has been made in the aftermath of the meeting the president of JSC Sibneft Alexandr Ryazanov and representatives of the Sibneft-NNG Trade Union Committee held in Noyabrsk today.

The parties have signed a protocol of intent and accommodation of interests. It is reported that among social benefits the document provides for material assistance amounting 20,000 Rubles annually to employees going on leave as well as an increased monthly child home care allowance amounting 5,000 Rubles.

The funds for sanatorium and resort treatment of employees and members of their families, as well as for implementation of voluntary medical care insurance programs, supplementary pension and housing improvements for employees will be provided by the business plan for 2007 – these agreements are also noted in the protocol signed by Alexandr Ryazanov and the Sibneft-NNG Trade Union leaders.