Jamshedpur: The management of TRF Limited and The Tata Robins Fraser Labour Union signed an Agreement on August 25, 2017 for payment of Annual Bonus for the accounting year 2016-17.
As per the agreement, eligible employee will receive 8.33 per cent bonus / Ex- gratia of their respective actual earnings (Basic plus DA) earned during the accounting year 2016-17.
Accordingly, the minimum bonus works out of Rs. 7,160 and maximum bonus works out to Rs 38,373.
The agreement was signed by P S Reddy, MD, Sandeep K Tanwar, VP (Projects), Subhashish Datta, CFO, Sanjay Kumar, Deputy Chief (BMHE), Arvind Kumar, AGM (P&A) on behalf of the Management and Rakeshwar Pandey, President, M H Hiramanek, Deputy President, Ras Bihari Ray, Vice President, S K Jha, General Secretary, B Purty, Sanjay Kumar, Assistant Secretaries and all Executive Committee Members on behalf of the Union.