Sunday, February 5, 2023

Jamshedpur: TRF to pay minimum bonus of Rs 15,262 for FY21-22


Mail News Service

Jamshedpur, Sep 15: TRF company management and TRF Labour Union entered a bonus agreement for the financial year 2021-22. A minimum amount of Rs 15,262 would be paid to the employees. Maximum bonus would be Rs 20,613. A goodwill amount of Rs 5000 would be paid to all employees in view of profit registered in the fourth quarter of FY 2021-22 on the special request of the union, sources said, adding that the bonus would be paid as per Bonus Payment Act 2015.

Sources said the company was running in loss for the last 10 years. The company registered a profit of Rs 29 crore in the fourth quarter of last fiscal and earned Rs 18 crore profit in the first quarter of the current fiscal. The company has reduced its losses. Last year, a bonus of 8.33 per cent was given to TRF employees.

Today’s bonus agreement was signed by the company MD Alok Krishna, CFO Anand Chand, CHIO Q Tauhid, GM Manufacturing VK Singh, AGM Arvind Kumar, union leader Rakeshwar Pandey, president Sanjay Kumar and others. The bonus amount would be transferred to employees’ bank account tomorrow, sources said.

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