IUD Signs Labor Agreement Over Huta Czestochowa

Industrial Union Of Donbass (IUD) reaches preliminary agreement with the Polish trade union over Huta Czestochowa. Both parties signed an agreement which will retain the current number of employees (5,500) during 10 years, an increase the average salary  by USD 100, and include an annual remuneration of USD 60. Concorde Capital: IUD was ready to retain the number of employees, as this is in line with its plans to increase steel output at the mill. This had been a headache for the steel group Mittall, which also wanted to buy the plant. Now, IUD needs to conclude agreements with Huta Czestochowa?s creditors and the Polish Government.