Wage increases and bonuses in KGHM

Copper miner KGHM announced plans to increase its employees wages by 3% next year, as part of an agreement with nine trade unions. This means an additional cost for the company exceeding zł. 30 million annually. KGHM will have to folk out another zł. 13 million to meet its promise to pay each employee a special bonus of zł. 700 gross by December 15. This is to compensate workers for not implementing an employee pension fund, which was supposed to have opened in April, as well as for record high production results. The concern currently employs 18,000 people, who earn an average monthly wage of zł. 4,700 with tax. This will be the first time in two years the wages will be increased permanently as part of new employment contracts. Basic salaries, which amount to around 30% of a monthly wage, will be increased by 7% as of January 1. (Parkiet, p. 3) A.K.