ArcelorMittal Kryvyi Rih has implemented an additional bonus program for employees

PJSC ArcelorMittal Kryvyi Rih has introduced an additional bonus program for employees for meeting and exceeding production targets. This was reported to GMK Center by the company’s press service.

The company is gradually resuming production and continues to look for ways to increase employees’ income. The mechanism of additional bonuses was agreed upon following negotiations with the primary organization of the Trade Union of Steelmakers and Miners of Ukraine (USMU), which have been going on almost continuously since November 2023.

Bonuses are based on the distribution of an additional fund based on the implementation of the business plan at least 97% of the actual time worked and take into account the involvement of personnel in the main or auxiliary unit. The percentage of the bonus can be different, higher or lower, depending on the level of achievement of production targets.

The pilot project was launched in January 2024 in the company’s mining department. In April, the initiative was gradually extended to the coke and chemicals division. Currently, the practice has been extended to all major steelmaking operations. The program will run at the plant until the end of this year.

The additional bonus became possible due to the increase in production volumes since April this year, when the company re-launched two blast furnaces, put two additional coke oven batteries into operation and restarted several rolling mills.

«Our company is gradually recovering from the damage caused by the war and we hope to break even in 2024. As a result of our social dialogue with the trade union, we are providing our employees with specific tools that will help them to be more motivated to meet production targets and increase their income,” said Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih.

As GMK Center reported earlier, in April 2024, the company increased production of all its main products. Steel production grew by 90% y/y, rolled products – by 95%, pig iron – by 12%, iron ore – by 112%, and coke – by 16%. In the period under review, blast furnace No. 6 was restarted after repairs and coke production was launched at coke oven batteries No. 3 and 4.