VSMPO-Avisma deprived the employees of 9 billion rubles for the benefit of shareholders

Once again the company is going to pay dividends, while an increase in staff salaries again is rejected.
22.09.2016
Origin source
General Director of "Corporation" VSMPO-Avisma "Mikhail Voevodin dismissed employees in wage growth. The main reason, which he calls the management of the plant, - the difficult financial situation. Parallel to this, the press service of the company reports a record profit nearly 14 billion rubles. A titanium giant's board of directors plans to pay shareholders, among which the same Mr. Voevodin, semi-annual dividend in the amount of 9.4 billion rubles. In addition, in the middle of this year, the corporation achieved by regional authorities assign the project for the modernization of one of the shops of the status of a priority for the region. This will allow the plant to receive a five-year tax preferences in monetary terms up to one and a half billion rubles, which could go to the budget of the Sverdlovsk region.

Management PJSC "Corporation" VSMPO-Avisma "(Verkhnaya Salda) has denied its employees in wage growth. According to the press-service of the enterprise, the workers have repeatedly appealed to the editor of corporate publications with questions about its increase. However, the trade union organization was told thatCOMP ANIES limited indexation at the level of average annual inflation.

"People come to us with a logical question about the salary increase. It is said that prices in the shops, and tariffs for housing and communal services in the current year increased significantly, and their salary has not changed much, "- he said" UFD Pravda "head of the primary trade union organization of the titanium giant Vladimir Ivanov.

According to him, the growth of wages established plans for the level of inflation in the collective agreement of the enterprise. In February, the company increased its payroll by 7% in July - another 2%. "They say that so far more than they can do nothing. We met with them and discussed the issue of salary increase, but they said that the company is in a difficult financial position. Because of this, a further increase is no question ", - said the union leader.

Meanwhile, the difficult financial situation, as the plant's management, led by CEO and shareholder Mikhail Voevodin said its employees, the company does not stop owners from receiving colossal dividends in the firstthe first half. By the other, the press service of "VSMPO-Avisma" reports about good financial result half.

"Record financial results for the first half of 2016 allows" VSMPO-AVISMA "pay interim dividends. The Board of Directors at a meeting on Thursday, August 18 decided to hold an extraordinary shareholders' meeting of 21 September 2016 in the form of absentee voting. The agenda of a proposal for the payment of interim dividend at the rate of 816 rubles per one ordinary share of PJSC. Also, the date is set, which define the persons entitled to receive dividends - October 3, 2016 ", - stressed the representatives of the corporation.

According to reports, "VSMPO-Avisma", revenues for January-June this year amounted to 36.391 billion rubles, net profit reached (34% growth compared to the same period of 2015) 13,657,000,000 rubles. "Thanks to our investment in production capacity and capacity share of high value-added products, we achieved strong financial results in the first half and WaitingAEM trend continuation. This makes it possible to pay dividends to shareholders for the first six months ", - said Mikhail Voevodin. He postponed until September the answer to the question of corporate publications on wages.

Recall, after the change of ownership "Corporation" VSMPO-AVISMA "for the third year surprised the market volume of dividends paid. In mid-2013 the main stake in "Avisma" (65.27%) was bought by CJSC "Business Alliance Company" (LHC), owned by a member of the Board of Directors of VSMPO silk and Mikhail Mikhail Voevodin, General Director of the company. Later the shares were transferred to the balance of JSC "Ekspotreyd" the beneficiaries of which are all the same people. State Corporation "Rostec" after the sale of the shares of titanium asset kept at a blocking stake (25% + 1 share).

At the end of 2014 after payments to shareholders of 9.6 billion rubles of dividends the company has become one of the Russian leaders in terms of payments to shareholders. Then the plant was forced to give shareholders not only the profits of 2014, and retained earnings of 2012 and 2013. In 2015, MYPlate shareholders were even higher. Only the first half of the owners of the shares received about 9 billion rubles. At the end of the year, the shareholders decided to pay dividends again, only this time in the amount of 5.27 billion rubles.

Currently, the authorized capital of "VSMPO-Avisma" is divided into 11 million 529.538 thousand. Ordinary shares. Accordingly, the first half of 2016 shareholders will receive 9.4 billion rubles.

It should be noted that the owners of the corporation will receive in the next 5 years, including the current year, additional revenue through tax incentives, which cost 4.3 billion "VSMPO-AVISMA" provided the authorities of the Sverdlovsk region for the project to modernize the organization and koltseraskatnogo complex processing of disks and rings rubles. And most of these funds were invested in previous years starting from 2013. Yet Mr. Vojvodina managed to obtain the status of a priority for the Sverdlovsk region of the investment project. This status is exempt from property tax for 5 years from the time of the property created as a result of the investment project onbalance sheet as fixed assets. As well as reduction in the percentage of income tax from 18 to 13.5 for a period of 5 years. According to the calculations of the Sverdlovsk Premier Dennis Paslera, it is about one and a half billion rubles falling to the regional treasury income, which will profit the enterprise and, therefore, can be re-directed to the payment of dividends.