The new collective agreement has retained all guarantees and compensations for a similar document in 2016-2017. The key point of the agreement is the issue of indexing salaries of employees, taking into account the growth of consumer prices for goods and services in the Primorsky Territory.

'The parties held negotiations for three months and eventually reached a mutual agreement on the basic obligations of the employer and employees. On discussing the new collective agreement, the main issues remained the indexation of wages, employment and labor protection. I can point out that FESCO successfully implements a social package of benefits, guarantees and compensations for its employees', - Nikolai Zadoyanov said.

Vladislav Kim accented: 'The conclusion of a new collective agreement shows a high degree of social and labor relations and the existence of a built-in interaction between the employer and the trade unions. FESCO makes every effort to create comfortable working conditions for its employees, as well as to provide their financial stability and social security'.

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FESCO - Far Eastern Shipping Company OJSC published this content on 26 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 June 2018 08:37:03 UTC