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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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Mining output drops by 27% in 2020 Q4
Diamond production fell hugely by 28%
BAKANG TIRO
editors@thepatriot.co.bw
Key data released by Statistics Botswana (SB) suggests a record economic contraction in the local mining sector with mining production having declined by 27.1% in the fourth quarter of 2020.
Statistician General Dr Burton Mguni said the index of mining production stood at 64.0 during the fourth quarter of 2020, showing a negative year-on-year growth of 27.1% from 87.8% in Q4 2019.
The quarter-on-quarter analysis also indicates a significant decline of 11.7 % from the index of 72.5 during the third quarter of 2020 to 64.0.
According to Statistics Botswana, the immense contraction in mining sector growth was mainly attributable to the production of diamonds, which contributed negative 23.7 percentage point.
Silver investment at six year high in 2021 jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.