The primary goal of having no fatalities and serious

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Unformatted text preview: fo et u in r y C ss g om ed in ­ > DESTINATION: Understanding our Footprint our notes Distribution of TITAN Group’s Social Product 2009 > To employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law: €235.1 million. > To local and international suppliers: €768.0 million. > For new investments in fixed assets: €180.0 million. > Through taxation to state and local authorities: €124.9 million. > Through dividends to shareholders: €15.2 million. 15 16 Social Footprint Safety at work The TITAN Group safety performance in 2009 improved considerably compared to 2008. The primary goal of having no fatalities and serious incidents was achieved. The reported Lost Time Injury Frequency Rate (LTIFR) of all direct em­ ployees’ activities of 2.64 versus 3.42 in 2008, marking a reduction of 23%. We benchmark our performance with industry peers to foster continuous improvement. Safety performance, however, varies signifi­ cantly across the regions where we operate, proving that local cultures,...
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