The Steel Authority of India Limited (SAIL) has announced an increase of more than 6 per cent in the annual payment of performance incentive/ex gratia/bonus in comparison to previous year to its non-executive employees on the festive occasion.
It was finalized based on discussions and mutual agreement between SAIL management and senior Central trade union leaders representing the workers and belonging to the constituent Unions of NJCS viz. INTUC, CITU, AITUC, HMS and BMS.
In line with the Government’s initiative to boost economy by way of incentivizing the working class, SAIL has also announced the distribution of ex gratia during the festive season. While an amount of Rs. 16,500 will be paid to the non-executive employees of SAIL’s five integrated steel plants at Bhilai, Bokaro, Durgapur, Burnpur and Rourkela and also Raw Materials and Collieries divisions, an amount of Rs. 14,500 will be paid to the non-executive employees of other plants and units of SAIL.
“Steel Authority of India Limited prioritizes the welfare of its workforce and is committed to take strides in strengthening such initiatives by Government. This ex gratia will help in boosting the spending power of the workmen of Steel Authority of India Limited in the ensuing festive period”, said Anil Kumar Chaudhary, Chairman, SAIL.