• The new Labour Collective Agreement (CLA) includes average salary increase of 2% and payment of a bonus for the plant’s strong results in 2021
• The plant’s incentives and benefits structure remain unchanged under the new CLA

The management of LIBERTY Ostrava and its trade unions have agreed on the amendment to the Labour Collective Agreement for 2022 after seven rounds of intensive discussions. The agreement includes an average salary rise of 6.2%. In addition to that, a lump sum of CZK 25,000 per employee will be paid as a bonus for extraordinary economic results to all employees excluding the management as part of the salary for November. The rest of the plant’s incentives and benefits structure remain unchanged.

The tariffs will increase by CZK 1,700 and for selected blue-collars positions that the employer considers critical there will be additional rise of CZK 750. The agreement also includes the increase of extras for work in aggravated conditions, working at night and on Saturdays and Sundays as well as increase in the remuneration for emergency service.

Jaroslav Vystrk, HR and Legal Director at LIBERTY Ostrava, said: “LIBERTY Ostrava management appreciates the commitment of our employees over the last year, as their efforts have helped us achieve excellent results even in spite of the very difficult conditions caused by the COVID pandemic. That is why we believe everyone deserved an extra bonus to be paid in addition to the salary rise. Reaching this agreement in under a month highlights the commitment of management and unions to work together. This will enable us now to concentrate on meeting our production and financial targets next year and work in a collaborative manner on the transformation of our steelworks, which gets underway next year.”

Further information from:

Note to the editors:

GFG Alliance is a collection of global businesses and investments owned by Sanjeev Gupta and his family. The Alliance is structured into three core industrial pillars; LIBERTY Steel Group, ALVANCE Aluminium Group and SIMEC Energy Group, independent of each other yet united through shared values and a purpose to create a sustainable future for industry and society. GFG Alliance employs 35,000 people, across 10 countries and has revenues of USD $20bn. GFG Alliance is a leader in sustainable industry with a mission to become Carbon Neutral by 2030 (CN30).  

LIBERTY Ostrava is an integrated steel business with an annual production capacity of approximately 3.6 million tonnes per annum serving construction, machinery and oil & gas industries. The company is a domestic leader in the manufacture of road barriers and tubes. In addition to the Czech market, it supplies its products to more than 40 countries around the world. Together with its subsidiaries in Ostrava, the company has 6,000 employees. The company manufactures its products with a minimum possible environmental footprint. 

www.LIBERTYostrava.cz

www.LIBERTYsteelgroup.com

www.gfgalliance.com