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Summer internships and on the job training
Distribution of value created by TITAN Group in 2011
Total value created in 2011 was €1026.6 million and distributed to key stakeholders as follows:
- To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law: €218.1 million
- To local and international suppliers: €642.9 million
- For new investments in fixed assets: €58.1 million
- To state and local authorities through taxation: €82.6 million
- Return to shareholders and minorities: €24.9 million
More than 1,000 students have obtained work experience and tested their professional skills in summer internship programs offered by TITAN in Greece. Since 2000, TITAN has launched this program offering young students opportunities for on-the-job training over the summer months, lasting one or two months. The programs run at TITAN production plants and headquarters in co-operation with universities and technical schools, and with guidance offered by TITAN experts and Human Resources department.
In addition to summer employment, over the past eleven years approximately 20 students a year from technical institutes have worked with the Group for six months in order to attain adequate work experience. It is worth noting that some of these students, after their six-month training period, were actually hired by the TITAN Group.