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Norilsk Nickel increases personnel costs by 23 percent for year

6/14/2007 12:37:00 PM

In 2006 personnel costs increased by $198 million at the enterprises of OJSC Mining and Metallurgical Company (MMC) Norilsk Nickel, is said in the financial statements presented by the enterprise.

Personnel costs increased by 23 percent and were $1,060 million, in general. The increase of the costs was connected with conversion of currency of payment of $34 million. Thus, the personnel costs were enhanced by $164 million.

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