MMK has increased the salaries of employees

AK&M 31 May 2023 11:44

Tariff rates and salaries of MMK employees have increased by 6.5% since June 1, 2023. This is stated in the company's message.

The increase will affect employees of PJSC MMK and the Group's Companies. The indexation was carried out within the framework of the approved program and in order to increase the real level of wages, taking into account changes in the size of a fixed set of goods and services.

PJSC Magnitogorsk Iron and Steel Works (TIN 7414003633) is a steel manufacturer. The company's assets in Russia are a metallurgical complex with a full production cycle, starting with the preparation of iron ore raw materials and ending with the deep processing of ferrous metals. MMK produces a wide range of metal products with a predominant share of deep processing products with the highest added value. As of March 3, 2022, 20.24% of MMK's shares are in free circulation.