Tata Group company Big announcement: The company has announced a total payment of Rs 314.70 crore as annual bonus to its employees. Tata Steel made this announcement after signing a memorandum of understanding with the Tata Workers’ Union (TWU).
Tata Group company Big announcement: Tata Steel, the metal and mining sector company of Tata Group, has made a big announcement. The company has announced to pay a total of Rs 314.70 crore as annual bonus to its employees. Tata Steel made this announcement after signing a memorandum of understanding with the Tata Workers’ Union (TWU).
According to a statement issued by Tata Steel on Monday, under the MoU, the total amount paid as annual bonus to eligible employees of all divisions of the company will be Rs 314.70 crore. The minimum and maximum annual bonus payable for the year 2022-23 will be Rs 42,561 and Rs 4,61,019 respectively.
According to the statement, in the presence of Jamshedpur Deputy Labor Commissioner Rakesh Prasad, the company’s CEO and MD TV Narendran, Vice President (HRM) Atreyi Sanyal and other senior officers on behalf of the management and President Sanjeev Kumar Chaudhary, General Secretary Satish Kumar Singh, TWU And other officials signed the memorandum of understanding on behalf of the union.
