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Agreement about four-day week

Created: 12/23/2015
Author: -r-
Category: 26/2015

After discussions with the Labor Unions we have decided to implement a shorter 4-day working week starting January first. Our employees will get the compensation of 60 percent of their average income for one day off work. The cause is the complicated situation, which has arisen on the steel market. We see extremely high volumes of products being sold at dumping prices in Europe in recent months. We are sure that this step is a responsible way how to react to the situation in the steel business. This is just one measure from the package which we introduced after the first signals on the market.


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