Ferrexpo PLC's Executive Chair, Lucio Genovese, commemorates the second anniversary of Russia's invasion of Ukraine by acknowledging the remarkable resilience of the Ukrainian people. The company has mourned the loss of 35 employees and continues to support those who have suffered injuries and trauma from the war. Ferrexpo has demonstrated its strength as a business capable of withstanding exceptional challenges and has adapted to the changing dynamics of the war.
The company remains committed to protecting its workforce and communities, especially those serving in the Armed Forces of Ukraine. Currently, 641 employees are serving in the armed forces, and Ferrexpo supports them with supplies of safety equipment and essential items, holding jobs open for them upon their return. The company has expanded its support for veterans to include physical rehabilitation and psychological support, offering opportunities for retraining for those unable to return to their previous functions.
The war has led to changes in the structure of Ferrexpo's workforce and skills base, necessitating new ways to recruit and train employees. The company has established initiatives at the Ferrexpo Technical Expertise Centre to allow employees to quickly learn new skills. Additionally, the community's needs have evolved, with a shift from immediate urgency to house and feed people to a focus on bolstering community wellbeing through support for cultural and social programs, health, education, and recreational facilities.
Despite the challenges, 2024 has started well for Ferrexpo, with improvements in production, demand, and access to customers in traditional markets. The company remains on a strong footing, reflecting the determined Ukrainian spirit of its people. Genovese concludes the letter with "Slava Ukraini," expressing pride in the company's ability to operate through a war and provide an important economic contribution to Ukraine.
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