Tata Steel signs bonus agreement with workers' union
Wednesday, September 16, 2009 (20:20:49) Tags: business, Tata Steel, employees, Jamshedpur unit
Kolkata: Tata Steel management has signed a bonus agreement with employees, the company said today.
The agreement was signed for annual bonus to the employees of the steel major's Jamshedpur unit, including the tubes division, for 2008-09.
The company will pay annual bonus at 18.5 percent of wages (basic and dearness allowance) paid for the year 2008-2009.
The deal was signed by top Tata Steel officials and employees' representatives in the presence of Deputy Labour Commissioner, Jamshedpur.(IANS)