In 2024, Ukrzaliznytsia (UZ) may raise salaries by 10% if the Cabinet of Ministers supports the decision, UZ CEO Yevhen Lyashchenko said at the International Economic Forum in Kyiv on Thursday.
According to him, the total payments to employees of shortage professions, such as fitters and electricians, have already been increased by 30-40%, thanks to a performance bonus program.
“We understand that there are 90,000 people without whom UZ will not operate. These people are the focus of our raises, and they are very significant. We have launched a program to increase the level of bonuses for the work done, for the real result. In about three months, we have increased total payments for acutely shortage professions by 30%, and even by 40% for electricians,” said Lyashchenko.
Personnel costs account for about 50% of UZ’s total expenses, the CEO said, which is a big financial burden on the company.
The average salary in the company is currently UAH 14.5 thousand. The company has 220,000 employees, but, according to Lyashchenko, 190,000 people work for UZ and 5,500 for affiliated companies.
