MMK once again wins Russian Union of Industrialists and Entrepreneurs competition
The award ceremony took place on 24 May in Moscow and coincided with the Day of Russian Entrepreneurship. It was attended by leaders from the Ministry of Industry, Ministry of Economic Development, Ministry of Labour, as well as various business associations.
MMK has already received numerous awards in nationwide and industry specific competitions, which have praised the high standards of personnel policy at MMK, one of the country's leading metallurgical companies. The basis of MMK Group's human resources policy is to employ people with a wide range of competencies and high professional qualifications. Every year the Company is joined by no less than 500 graduates from Magnitogorsk educational institutions. In order to develop the professional competencies of employees and the reserve of personnel, MMK Group provides continuous training in various training programmes. In 2018, 12,756 employees were provided with training at MMK, with the Company spending more than RUB 100 million on training. Among the main areas of personnel training are the Young Specialists School, the Corporate University and the CEO's School.
Managers of various levels, who pass the competitive selection, are sent to leading Russian and International business schools for training. On a regular basis, employees from the production units of the Group's companies are sent to training centres and centres for secondary training. As part of the development of management potential, MMK Group enterprises actively work with the leading economic and business management schools in Russia for MBA programmes. To expand and develop competencies of employees of the Group, MMK actively engages in providing internships for employees in other departments, the results of these internships allow the Group's companies the possibility of filling arising vacancies with internal rotations. There is a strategic initiative for the involvement of employees in improving operational efficiency at MMK which is implemented within the framework of the Company's 2025 Development Strategy and is focused on the development of human resources.
The Russian Union of Industrialists and Entrepreneurs has been holding the Russian Business Leaders: Dynamics, Efficiency, Sustainability competition for more than ten years. It is traditionally attended by Russian enterprises of all different types, forms of ownership and sizes. In 2018, the competition was attended by about 300 organisations from 43 regions of Russia.
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2018, the company produced 12.7 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.
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