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4-Traders Homepage  >  Equities  >  BUCHAREST STOCK EXCHANGE  >  Societatea Nationala Nuclearelectrica SA    ROSNN   ROSNNEACNOR8

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Societatea Nationala Nuclearelectrica : SNN’s position regarding the impact of the transfer of social contributions to the employees

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11/10/2017 | 04:14pm CET

Press release

Bucharest, November 10, 2017

Regarding the declarations of Mr. Bogdan Hossu, Cartel Alfa Union Leader, published in the press on 10.11.2017, regarding the information supplied by the representatives of Cernavoda NPP union on the impossibility to increase the gross salaries, the management of SN Nuclearelectrica SA makes the following statements:

  • The management of SN Nuclearelectrica SA did not communicate to the employees of the company, nor to the representatives of the union the impossibility to increase the gross salary neither the imminent decrease of the net salary, thus Mr. Hossu's statement does not reflect the official position and actions of the company SN Nuclearelectrica SA;
  • The management of SN Nuclearelectrica SA had pro-active discussions with the leaders of the representative unions in the nuclear industry, during which it communicated the intention to analyze the impact of the transfer of social contributions and implicitly, the measures which will be adopted to maintain and increase the current salaries of SNN staff;
  • Nuclearelectrica has a strategic vision objectified by the decisions of the Board of Directors regarding the importance of the human resources in maintaining the results of the company, in which sense, the policies and measures of the company, including the salary packages, are oriented towards ensuring this strategic objective;
  • The management of SN Nuclearelectrica SA will adopt a compensation strategy applicable in 2018 on the basis of the assuring discussions with the representatives of the unions and the market perspectives, the priority of the company's management being the retention and motivation of the staff, considering the complexity and particularity of the nuclear industry and the necessity to maintain the highly qualified personnel and level of nuclear safety.

Any decision/measure with impact on the income of the company's employees will be communicated invariably by the management of the company directly to the staff, if such situations occur.

Cosmin Ghita

CEO

Societatea Nationala NuclearElectrica SA published this content on 10 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 15:13:04 UTC.

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Financials ( RON)
Sales 2018 1 810 M
EBIT 2018 70,0 M
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 -
Capi. / Sales 2018 1,35x
Capi. / Sales 2019 -
Capitalization 2 445 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 8,26  RON
Spread / Average Target 1,8%
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NameTitle
Cosmin Ghita Chief Executive Officer
Iulian-Robert Tudorache Chairman
Mihai Darie Chief Financial Officer
Sebastien Gabriel Tcaciuc Independent Non-Executive Director
Andreas Eva-Georgeta Non-Executive Director
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