Kazakhstan’s largest mining and metallurgical company Kazzinc has announced salary increases for its employees. After discussions with shareholders, the company’s management approved an average 8.5% wage hike starting from January 2025.
This follows two salary increases in 2024 – in March and October – which totaled approximately 10%.
“It’s no secret that inflation doesn’t stand still and the cost of essential goods is rising. The salary level directly affects the well-being of Kazzinc employees. It’s extremely important for us to maintain it, taking into account market changes,” said Zhanat Zhanbotin, CEO of Kazzinc. “We approached shareholders with a proposal to consider raising Kazzinc employees’ wages at the beginning of this year and they supported us. January salaries have been increased by an average of 8.5%.”
The raise applies to workers across all divisions of Kazzinc, which is the largest company in East Kazakhstan.
This move aims to help employees keep pace with inflation and rising costs of living. It demonstrates Kazzinc’s commitment to supporting its workforce’s financial well-being amid changing economic conditions.
