Trade union relations and collective bargaining agreements

NOVATEK upholds employees’ rights to freedom of association and participation in trade unions. The Company maintains a dialogue with labor unions present in most of its subsidiaries, uniting 63.5% of NOVATEK employees. The Company regularly holds targeted meetings with trade unions and work teams and attends meetings of trade union committees and conferences where labor relations are discussed. By taking part in such events, NOVATEK can ease even the slightest social tensions through negotiations at early stages. As a result of this policy, the Company has not seen a single case of stoppages or strikes due to labor disputes throughout its history.

The Company respects the right of employees to collective bargaining agreements and ensures social support measures and working conditions in full as stipulated by them. Among other things, collective bargaining agreements at the Company entities may stipulate various working hours. Upon agreement with the employer, employees can opt for shorter hours, a shorter workweek, flexible work schedules as well as remote work format.