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5.2 HUMAN RESOURCES MANAGEMENT<br />

70 Kamnolom Paka d.o.o.<br />

HSE Invest d.o.o.<br />

The company’s core business activities<br />

include the extraction, processing and<br />

sales of stone aggregates, pit sands<br />

and other materials.<br />

Habit d.o.o.<br />

Habit manages real estate.<br />

Gost d.o.o.<br />

Gost is in the restaurant business.<br />

PLP d.o.o.<br />

The company’s activities include production<br />

of wood products, wood sawing,<br />

chipping and impregnating.<br />

Telkom sistemi d.o.o.<br />

Telkom sistemi deals with telecommunications.<br />

Karbon d.o.o.<br />

Karbon was established in 2002 for the<br />

purposes of research and experimental<br />

development in the field of technology.<br />

ERICo<br />

Erico institute deals with research and<br />

experimental development in the fields<br />

of nature sciences, technology, social<br />

sciences and humanities.<br />

The company was established to meet<br />

the needs of executing the investment<br />

construction of power generating structures;<br />

during the first phase for the<br />

requirements of the construction of<br />

Lower Sava River power plants, while<br />

later its range of activities will expand.<br />

HSE - IIP d.o.o.<br />

HSE - IIP has its headquarters located in<br />

Sevnica, and it was established for the<br />

management of the construction of infrastructure<br />

on the locations of the future<br />

Lower Sava River Hydropower Plants.<br />

TDR - Metalurgija d.d.<br />

TDR - Metalurgija represents the<br />

largest electro-metallurgic part of the<br />

former Tovarna duπika Ruπe. The plant<br />

was one of the first producers of electro-chemical<br />

products in this part of<br />

Europe. It was established in 1918.<br />

The company’s main activity is the<br />

production of calcium carbide and ferrolegure.<br />

Employee status in HSE Group<br />

Company 1 January 2002 31 December 2002 Index Dec/Jan 2002<br />

HSE 35 60 171%<br />

DEM 336 309 92%<br />

SEL 135 130 96%<br />

SENG 155 141 91%<br />

TEB 127 127 100%<br />

TE© 601 585 97%<br />

PV Group 3,708 3,524 95%<br />

HSE Invest 0 9<br />

HSE - IIP 0 0<br />

TDR Metalurgija 406 397 98%<br />

TOTAL 5,503 5,282 96%<br />

EMPLOYEE EDUCATION<br />

STRUCTURE AS OF 31 DECEMBER 2002<br />

III<br />

2 %<br />

II<br />

8 %<br />

VI<br />

8 %<br />

V<br />

13 %<br />

IV<br />

46 %<br />

I<br />

8 %<br />

VIII<br />

0 %<br />

VII<br />

7 %<br />

IV VIII<br />

3 % 7 %<br />

Parent<br />

company<br />

VII<br />

69 %<br />

HSE Group<br />

VI<br />

4 %<br />

V<br />

25 %<br />

I - unqualified<br />

II - semi-qualified<br />

III - 2-year vocational high school<br />

IV - 3-year vocational high school<br />

V - 4-year high school graduate<br />

VI - higher school graduate<br />

VII - university graduate<br />

VIII - M. Sc. or Ph. D.<br />

Number of Employees<br />

As of 31 December 2002 HSE Group<br />

employed 5,282 people. This enables<br />

us to state that in accordance with the<br />

goal of operating rationalization the<br />

number of employees has fallen by 4<br />

percent. The trend of reducing the number<br />

of employees is continued through<br />

2003.

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