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
TITAN Kosjeric continued and strengthened its efforts to improve the professional and personal skills and competencies of both direct and indirect employees with a variety of vocational training programs implemented throughout 2011. OHSAS 18001 Safety Instructions training was completed for all employees, as well as training for internal auditing according to ISO 9001, 14001, OHSAS 18001, while other workshops covered topics such as “Developing Personal Influence and Impact” and “Train-the-Trainer”, “Building skills and competencies for Stakeholder Engagement”, “Interpersonal Relations” and “Coaching conversations”.