ArcelorMittal not to change its decision to cut wages of its workers despite fines

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KARAGANDA. KAZINFORM - ArcelorMittal Temirtau is not going to change its decision to cut wages of miners and metallurgists of the company, CEO Vijay Mahadevan said in a press conference on February 6.

Mr. Mahadevan said wage cut is a temporary measure connected with the financial difficulties in the company and the situation is expected to get better in the spring, AKI Press informs. The company announced February 2 that it will cut wages by 25% due to financial issues. ArcelorMittal Temirtau said the foreign workers of the company are also affected by the situation and they will receive 75% of the wages as well, the press service of the company said. The Prosecutor's Office of Karaganda region requested the Labour Inspectorate to check whether the company complies with labor laws of Kazakhstan. As a result of the checks, the violations of labor laws were detected and ArcelorMittal was fined for 594,600 tenge ($3,223). ArcelorMittal Temirtau, a ArcelorMittal subsidiary, is the major enterprise in Kazakhstan's mining and smelting sector. ArcelorMittal is the world's leading steel and mining company working in automotive, construction, household appliances and packaging spheres. ArcelorMittal is present in more than 60 countries and has an industrial footprint in over 20 countries.

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