Tata Steel Jamshedpur bonus announcement likely today

Mail News Service

Jamshedpur, Sep 8: Tata Steel MD and CEO TV Narendra returned to city here on Thursday. With his arrival, annual bonus agreement is likely to be signed tomorrow, sources said, adding that the bonus may be announced the same day. This year employees speculate over 20 per cent bonus.

Sources said a bonus negotiation meeting was held today between the company management and Tata Workers Union. The bonus agreement has been almost finalized and the final documents would be signed by the MD, sources said, adding further that this time bonus may be fixed on the basis of amount and not any formula.

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