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Kazakhmys to raise wages by 20 percent

08 may 2012, 10:27
Photo courtesy of kazakhmys.com
Photo courtesy of kazakhmys.com
Wages in Kazakhmys Corporation will be raised 20-30 percent in May, Interfax-Kazakhstan reports citing chairman of the company’s Board Eduart Ogai.

“In May we have to finish certification of all the employees. In average the wages will be raised by 20 percent and 30 percent for some of the positions,” Ogai said at the press-conference in Almaty.

“The monthly wages pool was 4.5 billion tenge (over $30 million) before the increase. It will be raised to over 6 billion tenge ($40.5 million),” he specified.

Ogai stressed that the situation in Zhezkazgan “has a negotiations manner”. “Comparison to Zhanaozen is incorrect. Of course, it is advantageous for someone to compare these events to Zhezkazgan, but I can assure you that there is no such situation in Zhezkazgan that could make people so extremely unhappy over the terms,” Ogai said. He added that creation of a trade union is currently in process.

In March employees of Kazakhmys Corporation were planning a rally in Zhezkazgan (a city of Karaganda oblast of Kazakhstan), but they turned down their plans after the company’s management solved the issue of salaries increase.

However, a strike still happened in May when 340 miners at three mines refused to get out of the mine, demanding for a salary raise by 100%. But the situation was again resolved and all the miners taking part in the underground strike had got out of the mine and resumed normal operations on May 7. “All the issues have been settled. There will be a substantial salary raise”, according to Kazakhmys Chairman of the Board Eduard Ogai.

According to him, in case production targets are met the miners will be paid a salary of $2700 and up.

The wages are defined based on the results of the employees’ tests certifying their qualification. Kazakhmys is a company producing and processing natural resources. It is involved in production of copper, gold, zinc, silver, power energy. Kazakhmys Plc is listed at London Stock Exchange and Kazakhstan Stock Exchange.

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