Home > Kazakhstan > ArcelorMittal Kazakh Unit Rejects Demand for 30% Salary Increase

ArcelorMittal Kazakh Unit Rejects Demand for 30% Salary Increase

Tuesday 28 February 2012

(Bloomberg) – ArcelorMittal’s Kazakh unit rejected a call by workers for a 30 percent pay increase because of weaker demand for steel products and the need to set aside funds to upgrade its plants.

The labour unions representing AO ArcelorMittal Temirtau’s 35,300-person workforce have declined the latest wage offer from management to adjust salaries for inflation and discuss other increases after a sales target for rolled steel is reached, the unit of the world’s biggest steelmaker said in an e-mailed statement today.

Read more >>

Any message or comments?

pre-moderation

This forum is moderated before publication: your contribution will only appear after being validated by an administrator.

Who are you?
Your post
  • To create paragraphs, just leave blank lines.