Russia: MMK-Metiz to increase minimal salary

MMK-Metiz is going to increase the size of the minimal salary.

As of January, the average salary at the works was 46.7 thousand rubles. In 2017 it increased by 8.4%.

The company collective agreement, approved last spring, was awarded the second place at the regional competition. (Ukrainian metal)

Russia: MMK-Metiz investment program approved

Magnitogorsk Iron and Steel Works board of directors has approved of the investment program for MMK-Metiz.

Capital investments will total 3.8 billion rubles. The program is intended to run through 2020.

MMK-Metiz was created in 2003. (Ukrainian metal)