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ISD Director Dunaferr Zrt. He wrote to the employees in a letter, in which he depicts the plight of the company, and at the same time asks for their understanding and understanding. According to the literature, this year places a heavy burden on the company and its subsidiaries, and due to the low level of production in the recent period, they are now in an extremely difficult financial crisis. Therefore, September wages and all other benefits that are due before October 10, 2020 can only be paid to employees on a scheduled basis.
Until October 10, 2020, the employer will pay the first installment of the salary up to the net amount of 200,000 HUF for all employees of the companies of the group of companies. On the other hand, social security benefits (sickness benefits, GYED, etc.) are paid by the employer in full, regardless of whether they exceed HUF 200,000.
The employer pays the remaining wages until October 22, 2020 – it turns out Evgeny Tankhilevich of a letter from the Executive Director, Deputy Director General, they were also uploaded to the ISD Dunaferr Facebook group.
The voluntary health insurance fund, the voluntary pension fund and the regular staff insurance contributions will be paid by the employer at a later date, depending on your financial means.
According to the CEO, the extraordinary measures are required by the critical level of production that has existed for months.
By the way, at the end of August, it was revealed that the Russian owners of the company were preparing to sell the joint stock company. They want to attract a professional investor with solid capital to stabilize the economic and market position of the company.
Dunaferr, although mostly posting massive losses over the last decade, made profits of € 18.2 billion in 2017 and € 10.7 billion in 2018. It is not clear exactly who the current owner of the company is, but despite the form From the company’s operation and complicated network of ownership, it is known that, in addition to Russian professional owners, the Russian state also owns shares in Dunaferr.
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