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Tata Pigments announces 19 per cent annual bonus

Jamshedpur: A Memorandum of Agreement was signed on Tuesday between the management of Tata Pigments Limited, Jamshedpur and its workers represented by Tata Pigments Workers’ Union regarding payment of annual bonus for the year 2013-14 at 19 per cent.

The minimum and maximum annual bonus payable to employees will be Rs. 14,851 (E-Grade); Rs. 29,588 and 46,871 against Rs.11,457 (E-Grade) and Rs.35,573 respectively.

The agreement was signed by Prakash Sarode, Managing Director, OP Gupta, General Manager (M&S), PKP Singh, Sr. Works Manager, V Satya Narayan Murty, Sr. Manager (HR & Administration), PV Rama Rao, Sr. Manager (F&A) from the management side and from Union side Rakeshwar Pandey, President, Nand Lal, Vice President, Raj Kumar Tiwari, Vice President, Raju Tudu, General Secretary, Dulu Murmu, Assistant Secretary and Rabindra Nath Sharma, Treasurer.

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