Saaremaa-based shipyard Baltic Workboats raised the wages of its production personnel by nearly 25 percent at the beginning of this year.
The company's aim was to increase its employees' gross wages to almost double the average for Saare County as well as above national average gross wages. According to Statistics Estonia data for the third quarter of 2016, gross wages averaged €852 per month in Saare County and €1,119 across Estonia.
"Our employees and their contribution to increasing the value of the company are the most important asset of our company," Baltic Workboats CEO Margus Vanaselja said. "We wish to make working in Saaremaa even more attractive and offer a more stable work environment.
The pay hike was made possible by increased exports and production volumes, he noted.
According to Vanaselja, Baltic Workboats is a rapidly growing and developing company and as a result is constantly seeking engineers, welders, mechanics, electricians and other production personnel.
Baltic Workboats is an Estonian-equity manufacturer of workboats from aluminum and steel. The company currently employs a workforce of almost 200 and its sales in 2016 totaled €26 million.
Editor: Aili Vahtla