Government has introduced productivity-linked bonus for workers of Manganese Ore Limited
A productivity-linked bonus of Rs 28,000 together with a wage revision for workers of state-owned Manganese Ore India Limited (MOIL) was introduced by the federal government on Sunday, forward of Diwali.
Union Minister of Steel Ram Chandra Prasad Singh introduced the bonus throughout an occasion organised at MOIL's campus in Nagpur.
He introduced a production-linked bonus of Rs 28,000 for all of the MOIL staff, which shall be paid earlier than the upcoming Diwali pageant.
The wage revision is for 10 years, with impact from August 1, 2018 to July 31, 2027, and can profit round 5,800 staff of the corporate, the metal ministry mentioned in a press release.
It is predicated on a pact between the corporate's administration and MOIL staff union.
The proposal consists of fitment good thing about 20 per cent and perks in addition to allowances on the charge of 20 per cent, the assertion mentioned.
An interim aid at 12 per cent of the fundamental and dearness allowance (DA) was given by the corporate with impact from May 2019, it added.
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