Group «Metinvest» to Increase Wages for Production and Repair Employees
Group «Metinvest» will increase the wages of employees of production and repair enterprises starting from May 1 this year. The approach to salary review will be differentiated, and salaries will be indexed higher than the forecasted inflation rate.
This was reported by RBC-Ukraine with reference to the information from the company.
Salary Increases
Salaries of production personnel will increase by 5-20%, and for the most in-demand professions, by up to 25%. The biggest increase will be for employees with low salaries within the same profession and qualification.
At the moment, the salary increase will only affect the production staff of manual professions and line managers.
Further Considerations
The review of salaries for administrative and managerial staff, service enterprises, and the management company will be considered separately, if there is financial capacity.
The decision to increase the salaries of employees was made because «Metinvest» has been able to restructure its operations under new conditions after the loss of plants in Mariupol and the Avdiivka plant.
Furthermore, the restoration of the sea export corridor has allowed for an increase in the capacity utilization of enterprises.
«In the conditions of war and general uncertainty, people are our main support, and the company is a support for employees. Despite the difficult economic situation, we have decided to take on additional financial burden. We highly value the contribution of our team to the overall company’s performance and intend to continue to maintain a high level of social protection for our employees,» said Yuriy Ryzhenkov, the CEO of the Metinvest group.
It is worth noting that in 2023, «Metinvest» introduced an additional team bonus for employees of repair and production enterprises for solving tasks related to operational improvements.
