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MarketScreener Homepage  >  Equities  >  Nyse  >  Mechel PAO    MTL

MECHEL PAO

(MTL)
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Mechel Wins 1C: Project of The Year Contest

09/25/2020 | 05:10am EST
21 September 2020
Mechel Wins 1C: Project of The Year Contest

Moscow, Russia - 21 September 2020 - Mechel PAO (MOEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports that the company's project of digitalizing human resources management became a winner in the 1C: Project of the Year contest.

Mechel's project entitled 'Computerization of HR accounting and payroll calculation for Mechel Group's companies within the united data system 1C: Payroll and HR' was acknowledged best in the nomination for 'Salary, Personnel Management and HR Accounting'. Mechel PAO requisitioned the project, which was executed by the Group's subsidiary Mechel-InfoTech.

The project was launched in January 2018 and completed in January 2020. It covered 10 regions of the company's footprint and more than 60 of Mechel's facilities. The project aimed to introduce a uniform system for HR accounting and payroll calculation processes as well as reduce costs of technical maintenance by abandoning the practice of using a medley of different software.

Before the unified data system was launched, Mechel's enterprises used approximately 30 software programs for human resources management. The company conducted large-scale work of transferring historical data from data systems used earlier. As part of the unification process, Mechel-InfoTech experts had to take into account the territorial distribution of various facilities and different activities of each enterprise. The project's implementation resulted in a so-called seamless integration with the corporate system 1C: Accounting, which enabled the company to make receiving and sending reference information and personnel-related documents automatic. This helped reduce labor costs and improve the speed of data circulation. The project also resulted in a significant reduction of paperwork.

The new system ensured HR accounting and payroll for Mechel's 60,000 personnel. A centralized support service, which can promptly handle incoming requests and react to arising needs, was created to help users.

'We implemented the largest project on the basis of the 1C: Payroll and HR. Today Mechel's mining, steel, trade, power and logistics enterprises all work in a unified configuration. As the system was being formed, we took into account not only the laws that are the same for all, but also norms of every industry involved, as they were applicable to certain personnel categories. Despite the project's scale, the deadlines were very tight, but our IT team handled it successfully,' Mechel PAO's IT Director Valery Dyachenko said.

***

Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

***

Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.

***

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.

Disclaimer

Mechel PAO published this content on 21 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 September 2020 09:09:06 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 3 573 M - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 381 M 381 M -
Capi. / Sales 2020 0,11x
Capi. / Sales 2021 0,09x
Nbr of Employees -
Free-Float 34,6%
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Last Close Price 1,88 $
Spread / Highest target -100%
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NameTitle
Oleg Viktorovich Korzhov Chief Executive Officer & Director
Igor Vladimirovich Zyuzin Chairman & Chief Executive Officer-Mechel Mining
Nelli R. Galeyeva Chief Financial Officer
Victor Alexandrovich Trigubko Director & Senior VP-Government Relations
Yury Nikolayevich Malyshev Independent Director
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