News

18 June 2020, 17:46

Business

Society

Volstok-Ugol to launch ten new coal faces by yearend - director

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LUGANSK, June 18 (Lugansk Media Centre) - The Vostok Ugol state-owned enterprise, established as a result of restructuring of the Lugansk People’s Republic coal industry, plans to launch ten new coal faces by yearend, company director general Vladimir Shatokhin said at an industrial and economic conference in Lugansk.

“We plan to launch ten faces this year; 24 new faces will be commissioned within the next two years to boost our output two-fold,” Shatokhin said adding Vostok Ugol companies were currently operating 21 coalfaces.”

A programme to develop Vostok Ugol till 2024 envisions “stabilisation of production and renewal of key assets,” he said.

Earlier in the day, he said that Vostok Ugol brought together 56 enterprises employing more than 30,000 people.

LPR Head Leonid Pasechnik said that Vostok Ugol's stable operation provided for timely payment of wages to miners and carrying out settlements with companies in other branches of industry.

Pasechnik had set the guidelines for the LPR programme to restructure the coal industry which allocated more than 121 million rubles in subsidies to employers for creating new jobs for the laid-off workforce.

The Republic's government passed two resolutions on pensionable service and early pensions to regulate the welfare policy concerning laid-off workers and the procedure to add to their employment record the periods when the Single Social Tax was not paid.

 

LuganskMediaCentre — 18 June — Lugansk