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ArcelorMittal Kryvyi Rih raises wages to its employees

Steel News - Published on Mon, 25 Mar 2019

Image Source: Interfax-Ukraine
ArcelorMittal Kryvyi Rih, the largest enterprise of the mining and smelting complex of Ukraine, from May 1 raises the salaries of all its employees and employees of subsidiaries by an average of 15%, and for individual professions up to 20%. Last year, ArcelorMittal Kryvyi Rih raised salaries twice - in May and October. In addition, he raised the salaries of a significant part of the staff during the transition to a multi-level (salary) wage system. As a result, from November 2017 to December 2018, the average wage at ArcelorMittal Kryvyi Rih grew by 43.4%. For the main technological personnel involved in key areas, wage growth was even higher. In addition, this week, the company's employees received the 13th salary, and it was also announced that since May, the wage rate will have increased by an average of 15%.

Julia Chermazovich Director of Human Resources at ArcelorMittal Kryvyi Rih said “We review salaries annually, taking into account the results of the previous year. It turned out to be difficult for us in terms of production and financial results. Nevertheless, the management of the enterprise decided to support the labor collective in this difficult social and economic situation in Ukraine. The size of the increase was determined by the results of negotiations with trade unions and taking into account previous wage growth. We hope that this year we will be able to cope with all the tasks that have been set - to ensure the stable operation of the enterprise and the implementation of the investment program, to improve our financial performance, which is also necessary for further wage growth.”

Source :

Posted By : Rabi Wangkhem on Mon, 25 Mar 2019
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