Metinvest Group Continues to Lead Steel and Mining Industry in Employee Pay

HEADLINES & GLOBAL NEWS
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(Photo : Metinvest Group Continues to Lead Steel and Mining Industry in Employee Pay)
Metinvest Group announced in late March that it would be increasing the wages of its production staff in Ukraine effective May 1, 2021. The company made this decision despite already paying some of the highest wages in Ukraine for the metallurgical and mining industries.
Former vs. Current Average Salary for Steel and Mining Production Workers
Even before the recent salary increase, production employees at Metinvest Group earned 10 to 15 percent more than people in similar jobs at competing companies. At the time of the March 2021 announcement, the average annual salary of Metinvest Group production employees was $20.4 thousand expressed in Ukrainian Hryvnia (UAH) currency. This figure is approximately 10 percent higher than the average industry pay in Ukraine and 65 percent higher than the average pay for all Ukrainian workers.

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