TSUISL announces Rs 6.08 crore bonus payout to 751 employees

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Jamshedpur, Oct 18: Tata Steel Utility and Infrastructure Services Ltd (TSUISL) formerly JUSCO Ltd announced an annual bonus of Rs 6.08 crore for its 751 eligible employees for the year 2019-20.

An Agreement was signed between TSUISL Management and the JUSCO Shramik Union based on the achievements on already agreed upon Bonus Chart for 2019-20. 

As per the agreement, Rs 6.08 crores would be disbursed in the coming days to eligible employees considering the onset of the festive season. As many as 751 employees would be paid annual bonus for the accounting year 2019-20. The settlement was signed by Tarun Daga, MD, TSUISL and Raghunath Pandey, President, Jusco Shramik Union, along with other senior Officials of the Company as also office bearers of the Union.

“Bonus entitlement is based on a pre-decided kitty and the Company’s performance on various parameters such as Profit before taxes (PBT), Safety performance, compliance to complaints, Top Box, Transmission and Distribution loss, overall unaccounted for water, customer satisfaction index, Repeat complaints, Productivity and total Productive Maintenance, good performance on all of which, help the Company achieve its Strategic goals and objectives,” said the company spokesperson.

The company spokesperson further said, “As per the agreement, Rs 6.08 crores would be disbursed on Monday, October 19 to all eligible employees. 751 employees would be paid annual bonus for the accounting year 2019-20”.

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