Personnel Structure
102-8The Company had a total of 44,303 employees as of the end of 2018, which is 9% less compared with the previous reporting period.
The decrease in staff numbers is primarily due to meeting the goal of increasing economic and production efficiency. Despite the reduction in staff, Metalloinvest managed to increase revenue by 15.8% and EBIDTA by 38.4% in the reporting period.
401-1
It is important to note that the decrease in staff numbers was achieved solely due to the natural outflow of staff and a reduction in hiring (the number of employees hired decreased by 51% compared with the previous reporting period). The Company also initiated a retirement programme in the reporting period that offers financial incentives for employees who retire upon reaching retirement age, which increased the outflow of employees in the older age group (over 50). At present, 32,000 non-working retirees (former employees of the four Metalloinvest enterprises) receive financial payments from the Company.
No significant changes occurred in the staff structure during the reporting period. Women still account for more than a quarter (27%) of all the Company’s employees, which is a high figure for a manufacturing enterprise.
Changes in the age structure of staff, in particular a 4% reduction in the number of representatives of the older age group, reflect the effect of the retirement programme. Employees aged 30 to 50 make up the largest share of the staff structure due to the Company’s production specifics.
Staff distribution by job category remained unchanged compared with the previous reporting period. In 2018, workers made up 77.4% of the staff, while middle managers, specialists, and employees accounted for 22.5%. Senior executives made up 0.1% of the total staff.
In 2018, the Company once again demonstrated its commitment to long-term labour relations: the share of employees with an open-ended employment contract was 98%.
Data adjusted compared with the 2017 Corporate Social Responsibility Report.
Belgorod Region has two enterprises – Lebedinsky GOK and OEMK.
