Metinvest raises salaries for employees by up to 20% starting April 1

Metinvest Group has increased salaries for employees of its production and service companies in Ukraine effective April 1, 2025. The revision is based on a differentiated approach: salaries will increase by up to 20% depending on the category of employees. Representatives of skilled professions in acute shortage will receive the largest increase, the company said in a press release.

The salaries of line managers and administrative and managerial staff of the company’s industrial and service enterprises will increase by an average of 10%.

The decision was made amid a difficult financial situation. In 2024, Metinvest’s net loss increased sixfold to $1.152 billion, in particular due to the shutdown of Pokrovske Coal Group due to the threat from the frontline and the idling of Ingulets Mining in the summer due to unprofitable production.

The company took into account a number of factors: the overall situation on the labor market, the average salary level in the country, inflation, staff shortages and the risk of staff outflow.

“We are well aware of the importance of financial stability today. Despite the war, the difficult situation on the sales markets and rising costs, we have decided to raise salaries for our employees. This is not an easy decision, but we are consciously taking on this burden because we value our people and their contribution to the common cause. Metinvest will continue to provide social support to its team,” said Yuriy Ryzhenkov, Group CEO.

This is the third salary increase over the past year: in May 2024, Metinvest increased salaries for production staff by an average of 15%, and in September, it raised salaries for administrative staff of service and production assets.

As GMK Center previously reported, Metinvest was named one of the top ten strongest employers in Ukraine by the Business Capital magazine. Despite the loss of more than 50% of its business, the company continues to maintain its position as a responsible employer. The average salary in the company is almost UAH 28 thousand, and in production professions it is about UAH 35 thousand.