The statement of the Trade Union Committee reads that Mittal Steel is expected to meet its investment engagements regulated by the conditions of Kryvorizhstal’s re-sale. The Committee relays on mutual responsibility of the social partnership.

“The result of this partnership is the strict observance of the collective bargaining agreement and social guarantees for the workers, increasing salary included,” reads the statement.

According to re-sale conditions, the purchaser is to state the minimum wage rate which is not less than the cost of living; to index wage in accordance with the inflation level; to keep and to improve bonus system of the workers.

During five years Mittal Steel must keep the number of personnel as it was by July 1, 2005. It also must not initiate dismissals for the first half a year. The further employment contracts must be concluded under trade conditions.


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