Jamshedpur Tata Cummins employees to get 18.5 per cent bonus
Mail News Service
Jamshedpur, Sep 19: Tata Cummins employees will get 18.5 per cent annual bonus this year. The company management and union members signed the bonus agreement. As per the agreement, the maximum bonus amount will be Rs 1,14,454 and the minimum amount will be Rs 37,478. The average bonus payout per employee would be Rs 77,591, sources said.
The company will be distributed Rs 6.13 crore among 792 employees. The bonus agreement was signed by the Plant Head Ramfal Nehra, HR Head Manish Jain, Bhikham Singh, Amit Thakur, M Suresh Sona Sundaram, Arun Prakash, Deeptendu Chakravarty and Sumit.
Company sources said a bonus formula for three years has been made. The employees would also get gift coupons worth Rs 5000. The coupons would be given to all employees and officials of Jamshedpur plant.
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