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Tata Hitachi announces 15 per cent annual bonus

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Jamshedpur: The employees of Tata Hitachi Construction Machinery Company Private Limited will get 15 per cent annual bonus for the financial year 2016-17. A bonus settlement agreement was signed between Tata Hitachi management and Telcon Workers Union on Saturday.
As per the agreement, the employees will get a minimum of Rs 40,588 and a maximum of Rs 58,290 in bonus. The average bonus amount is Rs 48,535, sources said.
Sources said a total of 1192 employees will be benefitted from the bonus settlement. The bonus amount will be sent to the bank accounts of the eligible employees by Monday. Besides the Jamshedpur plant, the settlement will be effective for all service centres, sales and marketing departments of the company in Kharagpur and Dharwad. Last year, the employees had got 13 per cent annual bonus.

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