November 22, 2008

Metinvest SGOK and CGOK raise wages by 20%

It is reported that Severniy Iron Ore Mining Works and Central Iron Ore Mining Works raised wages of their employees by 20% to UAH 2700.

As per report the pay rise was carried out in two stages during the first quarter of 2008. Initially the wages were raised for workers and a bit later for engineers and management of the companies.

Mr Alexander Vilkul the Honorary Director of Iron of SevGOK and CGOK said that “Social responsibility of companies reflects primarily in the level à wages and salaries. Today the GOKs of Metinvest already rank among the Ukrainian metal and mining sector companies with the highest level of wages.”

It is the first case when the companies used the system of wages increase based on consideration of individual professional skills of every particular employee.