ArcelorMittal Ostrava Employees Reach Collective Bargaining Agreement
04/16/2013 - ArcelorMittal Ostrava in the Czech Republic has reached a final collective bargaining agreement with its employees for 2013–2015.
ArcelorMittal Ostrava has reached a final collective bargaining agreement for 2013–2015. According to the new labor agreement, CZK 500 will be moved from the variable component of the monthly salary to the fixed component. Every employee will then get a monthly sum of CZK 350 in a differentiation tariff and CZK 150 as a contribution to their pension scheme. If the company is profitable at the end of the year, there will be an approximate salary increase of 1.5%. “The steel industry has been going through a difficult period, but we are still trying hard to find ways of good remuneration to employees,” says Tapas Rajderkar, CEO of the ArcelorMittal Ostrava.
According to the new agreement, each employee of ArcelorMittal Ostrava is entitled to five weeks of holiday (in selected professions, yet another extra week and reduced working time), drawing on above-standard leave with payment compensation, severance pay of up 13 average salaries in case of dismissal due to organizational reasons, and a special remuneration at the time of retirement and work anniversary.
The employer also pays contributions to the pension scheme, health and fitness stays and programs for employees, and also provides financial assistance or interest-free loans in difficult situations. Steelmakers also receive meal allowances and free drinks. The company also contributes to sports and cultural activities of both the employees and their children. Special rewards are paid to blood donors.
ArcelorMittal Ostrava a.s. is the largest steelmaker in the Czech Republic and part of the world’s largest steel and mining group ArcelorMittal. It has production capacity of 3 million tonnes of steel annually; about 50% of the output is exported to more than 60 countries worldwide. ArcelorMittal Ostrava and its subsidiaries employ more than 7500 people. Average income of its employees amounted to 34,213 CZK in 2012. ArcelorMittal Ostrava produces iron and steel in compliance with all environmental legislation. It already conforms to the EU best available techniques (BAT) emission limits that are to be binding only from 2016 onwards. The sole shareholder is ArcelorMittal Holdings A.G.
