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Merger of EVRAZ ZSMK and EVRAZRUDA

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Merger of EVRAZ ZSMK and EVRAZRUDA

In 2018, two of the Group’s subsidiaries — EVRAZ ZSMK and Evrazruda — were merged into a single legal entity, EVRAZ United West Siberian Metallurgical Plant. It was extremely difficult to merge the two groups of employees without problems stemming from the fact that the subsidiaries are located in distant territories, each with its own history, traditions and economics.

The Group undertook careful preparations in advance: the relevant trade union organisations were engaged in finding solutions to the problems that workers encountered and were invited to establish an ongoing dialogue with employees and local communities. Effective communication, as well as equalising social benefits and protections, helped to ensure that the merger was completed on time, without any social upheavals or the need to involve additional resources.