13 September 201010:32
MMK goes for pay rise
President of MMK Management Company Viktor Rashnikov signed an order for pay rises at Magnitogorsk Iron & Steel Works (ММК). The increase in wages and salaries will go along the wage-growth program adopted by the company. For one, the pay of workers, managers, white-collar experts, and clerks will go up 10%. This is the second time the enterprise’s employees have got a pay rise this year, as the wages and salaries went up 10% in March 2010. All in all, MMK is expected to spend about 1 billion RUR on wage increases in the year 2010. ‘Even now, when times are still a bid hard, we manage to