Jamshedpur: A bonus agreement for the financial year 2015 -16 was signed at 18 per cent between the management of Tata Steel Processing and Distribution Limited (TSPDL) and the TSPDL Employees Union on Tuesday. It was signed at the company head office in Kolkata in the presence of union leader Rakeswar Pandey.
The maximum amount of bonus payable is Rs 51,719 and the minimum amount payable is Rs 20,300 whereas in the previous year the maximum bonus paid out was Rs 44,048 and the minimum Rs 18545.
Besides the bonus, the employees will also be given gift vouchers worth Rs 2500. The bonus amount will be credited to the bank accounts of employees by 26th September, company sources said.
The TSPDL Union was represented by general secretary Tridev Singh, vice president Dinesh Kumar, Sachidanand, Aman, assistant secretary, Chanchal Saroj, S B Rana, advisor to president Sanjeev Singh and treasurer R Ravi.
The management team comprised of Managing Director Abraham Stephanos, vice president operations Om Prakash, General Manager HRM & Safety P K Sahu, Senior General Manager Jamshedpur Business Unit D Samaddar, CFO Anup Kumar, Chief HR & IR S Majumder and Divisional Manager HR & IR Shekhar Jha.