Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, announced the increase of the employees’ salary up to 70% from May 1.
Salary increase is planned for the employees of core professions involved in production processes:
– salaries below 5 000 UAH will be increased by 60-70%;
– salaries in the range of 5 000 UAH tо 6 000 UAH – by 40%;
– 6 000-7 000 UAH – by 35%;
– 7 000-8 000 UAH – by 30%
– 8 000-9 000 UAH – by 25%.
There will be no salary increase to administration and management of PJSC ArcelorMittal Kriviy Rih.
Paramjit Kahlon, Chief Executive Officer, PJSC ArcelorMittal Kriviy Rih: “We start to implement the new Grade Remuneration System aimed at considering the interests of all PJSC ArcelorMittal Kriviy Rih employees in a fair manner. We have been thoroughly working at changes in remuneration system since early 2017. And I would like to thank all our employees, as well as trade unions for cooperation, assistance and patience. Decision about salary increase is really required, but it is very tough in the current business environment of our company. Despite all challenges, we continue our large-scale investment program aimed at transforming our plant into modern and efficient industrial unit by 2020. Together with salary increase up to 70% to our employees, we start construction of a new coke oven battery No. 5 and two new continuous casting machines. ArcelorMittal is the biggest foreign investor in Ukraine and responsible business, and its development depends on operation stability and profitability. My decision to increase salary to employees will give them additional social protection in the current challenging situation in Ukraine. I know that now the country undergoes very difficult, but such an important transformation process. And I do believe in its successful future and I do confirm ArcelorMittal commitment to Ukraine”. (AMKR/Ukrainian metal)
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