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9.5% Annual Bonus Signed in Tinplate
Minimum Rs.11,298/- and maximum Rs.21,413/-
The Annual Bonus for the employees of the Tinplate Company of India
Limited for the Accounting Year 2007-2008 was finalised today in an
agreement entered into between the Management and the Golmuri Tinplate
Workers Union (GTWU), in the presence of Mr. Ram Pravesh Singh, Dy.
Labour Commissioner and Conciliation Officer, Jamshedpur.
This agreement has been entered into under sec.31- A of the Payment of
Bonus Act, 1965 on the basis of the criteria in terms of production,
prime yield, and profitability, agreed to earlier under a settlement
dated 29.8.2005. According to the agreement, although the employees
under the unionized purview were entitled to Annual Bonus of 9.50% of
their annualized eligible earnings; the Management at the request of the
Union that the employees have done their best to achieve higher
production as a result of which both ETP and CRM have improved on
previous years performance setting new records in operational
performance, and in recognition of the exemplary work being done by
employees as well as to keep the morale of the employees high when the
company is poised for growth, agreed for the payment of an ex-gratia
amount equivalent to 6.25% of the eligible earnings of the employees
during 2007 - 08
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B. L. Raina, MD, TCIL (Left) & Rakeshwar Pandey, President, GTWU
signing the bonus agreement in presence of Ram Pravesh Singh,
DLC, Jamshedpur (Centre).
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In accordance with the agreement, the minimum and the maximum
bonus for the employees will be Rs.11,298/- and Rs.21,413/-,
respectively. |
The agreement was signed by Mr. B.L.Raina, MD; Mr.T.K.Ghosh,
President; Mr. K.N. Mishra, Vice-President; Mr. Ujjwal Kumar, General
Manager (HRM); Mr. Ashok Ghosh, General Manager (Operations)
Dr.C.D.Singh, Director (Medical Services); Mr. Dipankar Chakravarty,
Chief (Finance); Mr. Tarun Daga, Chief Operating Officer; Mr. James
Davis, Chief (HRM); Sk. Mubarak Hussain, CDM (C&A) and Mr. Savio Rebello,
Sr. Manager (HRM), on behalf of the Management and; Mr.Rakeshwar Pandey,
President; Mr. R.Appal Raju, Dy. President; Mr. Parbinder Singh and Mr.
D.K. Singh, Vice-Presidents; Mr. S.D.Tripathy, General Secretary; Mr.
Sudama Tiwary, Mr. Kashinath, Mr. B.K. Lal and Mr. Shambhu Kumar, Asst.
Secretaries; Mr. B. Jha, Treasurer and Mr. S.S. Raju, Asst. Treasurer,
on behalf of the Golmuri Tinplate Workers Union. Mr. P.P. Moulik,
Manager (Finance) and Mr. Nayeem Khan, Manager (MSD) were also present
on the occasion.
Date : 23rd Sep, 2008
Public Relations Department |
