Coal India to spend around Rs 1,600 cr for employees bonus
Friday - October 5, 2018 9:34 pm ,
Category : BUSINESS
Coal India to spend around Rs 1,600 cr for employees bonus
Kolkata Oct 5 (IANS) Coal India is expected to spend around Rs 1 600 crore on account of paying performance linked reward its non-executive employees (PLR) for the financial year 2017-18 an official said.
"The outgo would be around Rs 1 600 crore for the payments of the performance link rewards to about 2.92 lakh employees " a Coal India official said.
The Standardisation Committee of the JBCCI-X (Joint Bipartite Committee for Coal Industry-X) has unanimously agreed to pay an amount of Rs 60 500 per employee on pro-rata basis to the non-executive cadre employees of Coal India and its subsidiaries as well as Singareni Coal Company Ltd. (SCCL) as performance linked reward (PLR) for 2017-18.
"Actual payment is linked to attendance and already provisions are made in the accounts " the official said.
The payment for CIL employees will be made on or before October 12 and in case of SCCL the date of payment will be decided by itself.
--IANS bdc/prs
"The outgo would be around Rs 1 600 crore for the payments of the performance link rewards to about 2.92 lakh employees " a Coal India official said.
The Standardisation Committee of the JBCCI-X (Joint Bipartite Committee for Coal Industry-X) has unanimously agreed to pay an amount of Rs 60 500 per employee on pro-rata basis to the non-executive cadre employees of Coal India and its subsidiaries as well as Singareni Coal Company Ltd. (SCCL) as performance linked reward (PLR) for 2017-18.
"Actual payment is linked to attendance and already provisions are made in the accounts " the official said.
The payment for CIL employees will be made on or before October 12 and in case of SCCL the date of payment will be decided by itself.
--IANS bdc/prs
