• The updated Collective Labour Agreement (CLA) will result in an average 9.8% increase in LIBERTY Galati’s employees’ gross income.
• The company will pay an extraordinary compensation bonus of RON 500 (gross) per employee
• The plant’s incentives and benefits structure remain unchanged

The Negotiation Commission on behalf of LIBERTY Galati management and its trade unions have successfully concluded an updated Labour Collective Agreement (CLA) for 2023.

The update to the CLA will result in an average 9.8% increase in LIBERTY Galati’s employees’ gross income. All employees will receive 400 RON gross applied to their base salaries effective with 1^st January 2023. All other bonuses and benefits under the existing CLA will remain in effect.

To help employees better manage the cost of living rises and inflation, the company will pay an extraordinary compensation bonus of RON 500 (gross) per employee in their December pay packets.

Sandip Biswas, Interim CEO for LIBERTY Primary Steel and Mining, said: “I am pleased that we have reached agreement on the amended CLA and would like to thank the union representatives and all those involved in the negotiations for their hard work and collaborative attitude during the process. Now we can get on with our efforts to prepare our business so that we are well positioned to take advantage of the return of customer demand as well as continuing our ambitious plans to decarbonise our business.”