Metinvest will increase wages for workers from May 1

During April, the company will apply a differentiated approach to the revision of salaries and will report how the salaries of various categories of employees will increase.

Prerequisites for an increase

Metinvest values ​​highly the contribution of its employees and intends to continue to be the leader in terms of employee productivity and motivation. The group monitors the rate of inflation and staff outflow, so the decision to revise salaries will be verified.

Who will receive a salary increase?

Metinvest will focus on equalizing the salaries of workers performing the same tasks within the same profession and qualifications. The salary increase will not yet affect the administrative and management personnel of the management company.

In matters of remuneration management, Metinvest focuses on qualified technological and maintenance personnel. In this way, the Group motivates employees who make the most significant contribution to the efficiency of technological processes and product quality. At the same time, personnel in auxiliary professions, as well as employees with low qualifications, will receive a lower revision, which will motivate them to develop and acquire new knowledge and qualifications.

In April, Metinvest completes the stage of the annual personnel assessment based on the results of work in 2020. From April 1, new individual additional payments will be revised and established based on the results of the annual assessment of workers in the amount of 5% to 25%.

In addition to salary growth, Metinvest maintains a traditionally wide range of tools that allow it to increase income through employee participation in operational improvement programs and submitting proposals to improve production safety and efficiency. The Group's motivation tools allow increasing employee incomes by up to 10% due to an increase in actual output and a decrease in unplanned equipment downtime.