OREANDA-NEWS. July 30, 2012. In 2012 a mining and steel leader in Ukraine ArcelorMittal Kryvyi Rih plans to increase salary for employees by 12.55%. The total number of employees is more than 33 thousand. The salary increase in compliance with Ukrainian law ‘About national budget of Ukraine in 2012’ will relate both tariff rates for workers and official salaries for managers, specialists and office workers in the plant and all salary increments, additional payments and bonuses. ArcelorMittal Kryvyi Rih constantly increases the salaries for its employees. Since early 2012 ArcelorMittal Kryvyi Rih increases tariff rates and official salaries 3 times: January 1 - by 6.57%, April 1 – by 1.9% and July 1 – by 0.7%. The plant plans to increase the salaries 2 times up to the end 2012.

Tariff rates increase at the plant in 2012, %

January 1

April 1

July 1

October 1

December 1

 

6,57

1,9

0,7

1,4

1,5

 

Totally for 2012

12,55%

 

Iryna Yefymchuk, HR Department Director, ArcelorMittal Kryvyi Rih: “Salary level at ArcelorMittal Kryvyi Rih is traditionally one of the highest levels in the industry and among manufacturing facilities in Dnipropetrovsk region and Ukraine. The management of ArcelorMittal Kryvyi Rih goes on its regular work on improvement of remuneration system and search solutions in this direction.”

In 2012 annual performance rewards were paid in full amounted to 120 million UAH.