SAIL Announces Enhanced Performance Incentive for 2020 for its Non-Executive Employees
Steel Authority of India Limited (PSU Connect)
New Delhi: Steel Authority of India Limited (SAIL) has announced an increase of more than 6% in the annual payment of SAIL Performance Incentive / ex-gratia / bonus in comparison to previous year to the Non-executive employees on the festive occasion of Durga Puja / Dussehra.
It was finalized based on discussions and mutual agreement between SAIL Management and Sr. Central Trade Union leaders representing the workers and belonging to the constituent Unions of NJCS viz. INTUC, CITU, AITUC, HMS & BMS. In line with the Government’s initiative to boost economy by way of incentivising 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.
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project