The war with Russia exhausts workforce in Ukraine. Companies try to overcome the acute shortage of personnel by employing women in traditionally man jobs, as well as hiring students, teenagers and older people. Tatyana Petruk, sustainable development director at Metinvest, said that now the group had around 4000 job offers, and the personnel shortage affected…
Metinvest is reviewing the issue of renting Liberty Czestochowa steel-smelting assets, the daughter company of Liberty Steel. The group has to carry out a concise evaluation of the assets to determine the launch date. Liberty Czestochowa’s steel shops could become an opportunity for Metinvest, which had lost almost a half of its steel capacities due…
In January-June, Metinvest produced 1.04 million tons of steel, up by 1% YoY. At the same time, pig iron manufacture decreased by 4%, to 884 thousand tons. Metinvest also produced 375 thousand tons of semi-finished steel products, down by 25%, and 1.19 million tons of rolled metal, up by 4%. In particular, flat rolled metal…
The Black Sea Trade and Development Bank (BSTDB) has announced a new EUR 10-million short-term facility extended to one of the subsidiaries of Metinvest Group, a renowned international conglomerate of steel and mining enterprises. This loan from BSTDB is strategically aimed at bolstering Metinvest’s export of iron ore products by facilitating dedicated working capital financing.…
The number of employees at Metinvest has decreased by 4.8 thousand people due to staff outflow and mobilization. Now the group offers around 4 thousand jobs. “2022 was the worst year in Metivest’s history. When the marine export resumed in 2023, we started increasing the capacity of our enterprises. Thus, last year we didn’t fire…
8 thousand Metinvest employees have been mobilized since the start of the full-scale Russian invasion. Metal companies face labor shortage, which is covered by attracting women. “Last year we didn’t lay off people, on the contrary – we made everything possible to retain manufacturing staff and improve efficiency. Yet the number of employees decreased by…
Since the start of the Russian full-scale invasion, each sixth Metinvest employee, or 15% of all the staff, has been mobilized to the Armed Forces of Ukraine. So far, around 1.5 thousand employees have returned form the war, and more than 500 have resumed work. The group expects that 6-7 thousand employees will return to…
In January-March, Metinvest paid 4.2 billion UAH of taxes, up 1.7-fold YoY. The subsoil use tax was the largest – 1.3 billion UAH, up 7.5-fold. The group has also increased payments of personal income tax – by 22%, to 791 million UAH. Moreover, Metinvest paid 870 million UAH of the sole social payment, up by…