Employees will receive a 20 percent bonus
This year's Onam 2021 bonus, employees will receive a 20 percent bonus, with a bonus advance of Rs. 9,500 by August 17.
Bonuses for 2021 will be deducted from the advance bonus before January 31, 2022, and distributed to the workers. Cashew workers will receive their Onam bonus advance by the 17th of this month. Labor Minister V Sivankutty and Industries Minister P Rajeev attended a meeting of workers' and employers' representatives in the Assembly Conference Hall, where the decision was made. As part of the agreement, both parties agreed to give the Onam bonus at the same rate as the previous year.
There is a decision that the bonus will be 20% and the bonus advance will be Rs 9,500 for the year 2018. Bonuses for 2021 will be deducted from the advance bonus before January 31, 2022, and distributed to the workers. It will be considered Onam Incentive if the advance received is greater than the bonus amount calculated in December 2021.
Three months' salary will be paid to monthly salaried cashew factory workers. Those who maintain a 75 percent attendance rate through July 31, 2021 will receive a full bonus advance. During the meeting, it was also decided to give bonuses and advancements in proportion to the number of people who attended.
"The industry can only survive" if employers and workers work together, said Labor Minister V Sivankutty She thanked the workers and employers for approving the resolution proposals. In spite of the ongoing financial crisis, Industries Minister P Rajeev said that the government's general approach would be to provide maximum assistance to people in all sectors. "We're convening a meeting of bankers to resolve the cashew sector's problems," he said.
Source:- Asianet News
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