Tata Steel Announces Over Rs 193 Crore Annual Bonus
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A Memorandum of Settlement was signed today between the company’s management and
Since majority of the employees are drawing salary/wages higher than the limit laid down in the Payment of Bonus Act, 1965, they are not eligible for bonus under the Act. However, respecting the old tradition, the company is going to pay bonus to all employees in the unionised category.
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