Coimbatore

Bonus settlement for NTC workers

The trade unions and management of National Textile Corporation (NTC) reached an agreement on Monday regarding payment of bonus for workers of NTC mills in the State for Deepavali.

According to the union leaders, the NTC will pay ₹ 13,000 as advance to be recovered in 10 instalments and 8.33 % bonus for each worker. The disbursements will be made on or before October 23. Nearly 3,500 permanent workers at the NTC mills in the State will get the bonus and the advance amount. The non-permanent workers will get only the 8.33 % bonus.

The advance amount disbursed last year was ₹ 11,000 The agreement was reached in the presence of the Regional Labour Commissioner, Madurai, on Monday.

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Printable version | Jun 4, 2020 5:47:24 PM | https://www.thehindu.com/news/cities/Coimbatore/bonus-settlement-for-ntc-workers/article29762271.ece

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