OREANDA-NEWS. March 9, 2010. The General Director of OAO SUEK Vladimir Rashevsky and the Chair of the Russian Independent Trade Union of Coal Industry Workers (Rosugleprof) Ivan Mohnachuk signed another Federal industry agreement, the third in a row, related to the coal industry of the Russian Federation (the Agreement).

The Agreement is valid throughout 2010-2012 and has the main principles and the parameters of social, labor and economic relations between the Company and the workers written down.

"Every year we feel convinced that the Agreement makes for the most effective leverage to bring about and keep social stability in labor teams," said Ivan Mohnachuk upon signing the Agreement. "SUEK is a socially oriented company. This year it was first in the industry to sign the Agreement."

"It's only a company which builds relationships with its employees and their representative trade unions on social partnership principles that may count on steady success in business," says Dmitry Syromyatnikov, the Deputy General Director for HR and Administration, OAO SUEK. "That's why SUEK deems it so important to have a constructive dialogue with trade unions which resulted in signing the Agreement."