Perm Engine Company Compensates Employees for the Costs of Buying a Home

Perm/April 06, 2012 By order of Perm Engine Company Managing Director Alexey Mikhalev, the company has begun a program called ‘Housing PMZ Employees 2012-2017’.

In accordance with the decision of the Managing Director, the company will conduct polling of employees in need of better living quarters and will establish quotas for participation in the program for distinct services, taking into account the plans to attract young specialists in 2012. A specially-formed committee made up of representatives from PMZ’s personnel, legal, and production departments will establish the selection criteria for participation in the program. The company’s financial department will work out the mechanism of the subsidy for buying a home.

The company estimates that the ‘Housing PMZ Employees 2012-2017’ program will make it possible for about 100 leading young specialists at Perm Engine Company to buy apartments which suit their lives better and which are within their reach financially. Employees will be compensated out of PMZ’s budget for a stake in a mortgage, up to 5-6 annual interest.

Alexey Mikhalev, Perm Engine Company Managing Director:

This program is a priority in implementing the company’s personnel policy in 2012 and the coming five years, since providing housing is one of the most important issues for every person. We are setting ourselves a goal of not only attracting promising young specialists to Perm Engine Company, who can help our company develop, but also of helping to create better living conditions that will help them realize their full professional potential across many years of employment at Perm Engine Company.

For information:

Perm Engine Company (PMZ) mass produces aviation engines for civil and military applications, as well as industrial gas turbine units for power stations and gas transportation.

PMZ is a part of the United Engine Corporation, a wholly-owned subsidiary of OBORONPROM specializing in engine-building assets.

OBORONPROM is a multi-faceted machine-building group of companies, founded in 2002. It is a part of the Russian Technologies group of companies. Its primary activities include helicopter building (Russian Helicopters) and engine-building (UEC).

Tel/Fax (342) 240-86-16, 240-89-77, lebedevaea@pmz.ru, yushketovayv@pmz.ru
93 Komsomolsky Prospekt, Perm