COVID-19: Eurasian Resources Group's Top Managers Have Offered to Take a Temporary 30% Reduction in their Salaries

en de

Eurasian Resources Group (“ERG” or the “Group”), a leading diversified natural resources group, announces that on their own initiative, Mr Benedikt Sobotka, Chief Executive Officer of ERG    S.à r.l., and Mr Aldiyar Kaztayev, First Deputy Chief Executive Officer of ERG S.à r.l., have offered to take a temporary 30% reduction in their salaries. These measures are due to the unprecedented challenges that the global community is facing as a result of the coronavirus pandemic and are closely linked to the subsequent sharp drop in metal prices.  
 

<< Back
03/04/2020 |
  • ERG's logo (002)

The Group’s top managers expressed confidence that the crisis would be resolved in the near future, noting that metal and mining companies provide products which will undoubtedly play a crucial role in the recovery of the global economy. They emphasized that thanks to preventive measures taken by the Group it has ensured the smooth running of operations despite the challenges associated with the coronavirus in the countries of ERG’s presence. 
 
The Group has sufficient reserves, excellent resources and competitive advantages, which will enable it to fully exploit future opportunities and growth prospects when the metals and mining business returns to ‘normal’. 
 
The utmost priority of ERG’s executive team is the safety of the Group’s people and overall responsibility, leading by example and supporting efforts to provide stability to the business and strengthen its competitiveness under any potential macroeconomic scenario. 
 
Mr Sobotka’s and Mr Kaztayev’s offer to reduce their salaries was accepted for a period of 12 months with immediate effect. This initiative has already been supported with similar actions by some other topmanagers at ERG. 

Back to top  | << Back

Communiqués liés

ERG
12/01/2024

ERG et Thara signent un protocole d'accord en vue d'un parte...

ERG poursuit le développement d'une raffinerie de sulfate de cobalt, qui sera a...

Eurasian Resources Group
COMIDE
20/10/2023

ERG in Africa breaks ground on a hydrometallurgical plant at...

The plant is designed for phased operational output, with expansion potential to...

Eurasian Resources Group
electric vehicle
20/10/2023

ERG to build a high-quality cobalt beneficiation facility in...

The plant, with a total investment of US$ 250m, to be commissioned by the end of...

Eurasian Resources Group
1-37
18/10/2023

ERG co-organises a concert of the glorious Kazakhstan ensemb...

This Sunday, 15 October, continuing the tradition from previous years, Embassy o...

Eurasian Resources Group
ERG's logo (002)
17/10/2023

Eurasian Resources Group publishes its Sustainable Developme...

Eurasian Resources Group (“ERG” or “the Group”), a leading international...

Eurasian Resources Group
Metalkol-2
11/10/2023 Partenariat

Eurasian Resources Group signs a five-year agreement with EV...

Eurasian Resources Group (ERG), a leading diversified natural resources group he...

Eurasian Resources Group

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more