Regional news

Izhstal Acknowledged Leader in Labor Efficiency

Izhstal (part of Mechel Group) won third place in the Leaders in Labor Efficiency Growth in Russias Steelmaking nomination of the All-Russian Labor Efficiency: Russian Industry Leaders award. In 2016 Izhstals labor efficiency amounted to 5.35 million rubles per person, which is 52% more than in the previous year.

“We managed to achieve such results by developing intra-group cooperation between Mechel Group’s steelmaking facilities, expanding the order portfolio from third-party customers, increasing the share of high-margin products in the overall output, bringing down costs and rationally using labor resources,” Izhstal PAO’s operations director Anton Feofilaktov commented.

The award was organized by the Operations Management business portal in 2015. The award’s experts analyze data from over 5,000 industrial companies with total revenue amounting to over 55% of Russia’s GDP and employing over 5.6 million personnel in total. Experts determine a top-500 list, as well as leaders in specific industries and regions.


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