NLMK Group ensures employees over 65 stay at home
Due to the COVID-19 outbreak, all NLMK Group employees over the age of 65 in Russia have been asked to stay at home.
Employees of an advanced age have the choice of working from home or taking a paid vacation or quarantine leave until 30 April 2020. The end date could change, based on how the situation develops.
Mikhail Arkhipov, NLMK Group Vice President, HR and Management System, said:
“We are committed to making sure that our older employees stay home, since they are the most vulnerable to COVID-19. We are currently doing everything we can to ensure the safety and welfare of our staff. We are constantly introducing additional measures to curb the spread of the infection and to mitigate associated health risks for our team.”
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 2019, the Company generated $10.6 billion in revenue and $2.6 billion in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and Expert RA.
NLMK’s ordinary shares with a 18.6% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1.
For more details on NLMK shareholder capital please follow the link.
For more information about NLMK Group, please visit our website.
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