ArcelorMittal Kryvyi Rih raises salaries for its employees

Kryvyi Rih, March 19, 2021 ArcelorMittal Kryvyi Rih, more of a mining and metallurgical enterprise in Ukraine, has been increasing the salaries of all its employees and employees of its subsidiaries by 5% since May 1. In addition, a differential salary increase is planned for categories of workers whose wages are below the market median. These categories are determined on the basis of a comparative analysis of the wage market of Ukrainian industrial enterprises using the methodology of the international consulting company Hay Group. The issue of increasing wages at enterprises of the mining and metallurgical industry was discussed in detail at all levels, including with representatives of the Central Committee of the Trade Union of Metallurgists and Miners of Ukraine. In addition, for several months, the management of ArcelorMittal Kryvyi Rih has been conducting intense negotiations with unions at the local level about possible variations in wage increases, taking into account their proposals. However, through no fault of the enterprise, the negotiation process was obviously delayed, which separated the increase in salaries for an indefinite period. Taking into account the interests of the employees, immediately after the payment of the thirteenth salary in full, the company’s management decided to raise the salary. Mauro Longobardi, General Director of ArcelorMittal Kryvyi Rih – Thanks to all the employees of ArcelorMittal Kryvyi Rih, – with our inherent steel endurance, we managed to overcome the challenges of a difficult year in the history of the industry in 2020. In the context of the pandemic, we have maintained stable production, and most importantly, our entire team and social obligations “Commitments. But, unfortunately, since the beginning of 2021, ArcelorMittal Kryvyi Rih has faced a number of new challenges. So, for the third month the company has been in standby mode. permits of the Ministry of Environmental Protection and Natural Resources of Ukraine. The sinter shop of metallurgical production is currently idle. The downtime of the sinter shop negatively affects the overall level of production. This can also lead to a further shutdown of production capacities in all redistributions with corresponding consequences for a significant part of the personnel. The situation is getting worse every day, but we still hope for an optimistic scenario of events, which will ensure an increase in the well-being of our people and the successful operation of ArcelorMittal Kryvyi Rih in the future. Help last week employees enterprises received this name The 13th wage deducted is of the vinago kind based on the results of work for the previous year, which is determined based on the size of the average earnings for the actual hours worked. This year, ArcelorMittal Kryvyi Rih allocated about UAH 415 million to pay the thirteenth salary. In 2020, the average salary at ArcelorMittal Kryvyi Rih increased by 5.5% and amounted to UAH 19,062. This is 24% higher than the average wage in Ukraine and 10% higher than in ferrous metallurgy. At the end of last year, the level of wages at ferrous metallurgy enterprises (17.3 thousand UAH) traditionally significantly exceeded the average in Ukraine (11.5 thousand UAH).

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