ArcelorMittal Temirtau offers non-monetary payment to its contractors

​ ArcelorMittal Temirtau JSC owes 563 mln tenge to its contractors (over $3 mln) and suggests paying by debt relief before the communal enterprise “Okzhetpes”.

“Some contractors haven’t been paid for the executed works in February. It means taxes and salaries haven’t been paid”, the head of the trade union, N. Popova, says.

Today there are 20 such enterprises in the trade union and about 1.5 thousand employees, she said.

The employees of contractors are about to start a strike.

ArcelorMittal Temirtau said that the situation with the sale of metal products stays very complicated after the devaluation of the Russian rouble. The company will go on buying goods, works and services for about $2 bln. Over 70% of these funds will stay in Kazakhstan.

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