Press releases
Ukrnafta’s management advocates open dialogue with Trade Unions

On September 15, Ukrnafta’s Trade Union representatives have picketed the company’s headquarters, demanding to increase salaries for the workers, to guarantee full-time employment and to prevent large lay-offs. Ukrnafta’s Management initiated open dialogue with participants of the gathering and explained the vision for company development.

Despite difficult circumstances, the top management of Ukrnafta is aiming for production renewal, economic development and stable operations, while improving working conditions for all its team members.

The Management Board of Ukrnafta is especially focused on remuneration of the Company’s employees.  Average monthly salary in the first half of 2016 has increased by 12.1% compared to the same period in 2015. Remuneration of employees is carried out in accordance with Ukrainian legislation and the Collective Agreement. The guarantees, set out in the Collective Agreement, are being fulfilled, remuneration payments are being made in due time prescribed by the Collective Agreement, there have been no arrears of salaries so far. Employees receive bonuses for execution of production tasks and functions. The Company allocates material aids for treatment of employees, extra payments and personal allowances as prescribed by the Collective Agreement.  Special bonus was paid to all employees to celebrate Oil and Gas Industry professional holiday. In October, the annual bonus for production performance in 2015 will be paid to the workers.

The Management Board considers transformation and reform of the company a key priority to create an economically viable and competitive business in the future.

The Management Board is developing measures to increase the salaries of the employees as part of this transformation process. It is also designing a modern personnel motivation system and taking measures to ensure the proper remuneration for effective work, depending on labor contribution of employees.

 Mark Rollins, CEO of Ukrnafta, states:

“We need to be realistic, understanding that our today’s goal is a strong company, so we cannot yet increase salaries without dialog with the trade unions. The company needs reforms and further organizational optimization. We do everything possible to fulfill our obligations towards our workers, following Ukrainian legislation and collective agreement. The management of Ukrnafta recognizes the trade unions of the Company’s employees as social partners, does its best to establish a constructive dialogue, and is ready to cooperate to find ways to overcome the current difficult situation in the Company and to solve the issue of further stabilization and efficiency improvement of the Company”.

As reported, earlier this year the Management of Ukrnafta proposed effective mechanism for financial rehabilitation of the company, promoting decision for out-of-court sanation, envisioning repayment plan of the debts to all its creditors.


For more information please contact press office: +38 044 239 14 93

Also read
Published by the press service
Ukrnafta expands remote monitoring

In February 2019, PJSC Ukrnafta began to implement the system of remote monitoring of wells, provided by company NAFTAMATIKA,…

Published by the press service
Ukrnafta continues to increase production in 2019

In January 2019, PJSC Ukrnafta produced 128 ktonnes of oil and condensate and nearly 99 mln m3 of gas, 4.4% and 7.4% up respectively…

Published by the press service
Ukrnafta paid UAH 7.8 bln in rent for 2018

For 2018 PJSC Ukrnafta paid nearly UAH 7.8 bln in rent to the budgets of all levels, 36.7% up against 2017. Thus, the company…

Published by the press service
Production Results for 2018

PJSC Ukrnafta announces its production results for the fourth quarter and 12 months of 2018*. Highlights: Oil and condensate…

Published by the press service
In 2018 Ukrnafta paid UAH 15.3 bln in taxes

In 2018 PJSC Ukrnafta paid UAH 15.3 bln in taxes, including UAH 1.2 bln of the overdue tax debt, to the budgets of all levels.…

Published by the press service
In 2018 Ukrnafta paid UAH 7.2 bln in rent

From the beginning of the year the rent from PJSC Ukrnafta to the budgets of all levels made up UAH 7.2 bln. The oblasts,…

Published by the press service
Ukrnafta produced 1.3 mln tonnes of oil & condensate

For January-November of 2018 PJSC Ukrnafta factually produced the same volume of oil as for the whole year 2017. It increased…

Published by the press service
State Geological Service extended 23 licences of Ukrnafta

On December 6, the State Service of Geology and Mineral Resources extended 23 production licences of Ukrnafta. Besides 11…

Published by the press service
For 11 months Ukrnafta paid UAH 14.4 bln in taxes

PJSC Ukrnafta, one of top 5 tax payers in Ukraine, paid UAH 14.4 bln in taxes for January-November of 2018. That is already…

Published by the press service
For October Ukrnafta paid UAH 779 mln in rent

For October, 2018, PJSC Ukrnafta paid UAH 779.3 mln in rent to the state and local communities’ budgets of different levels.…