Good news for corporation, state workers
View(s):Here is good news for employees of government corporations and fully government-owned companies.
Despite the current situation of work paralysis in state institutions triggered by the present political impasse, staff of these institutions including loss-making ones will be receiving a year-end bonus ranging from Rs. 3,000 to Rs.15,000 from the government.
This was revealed in a public administration circular issued by Treasury Secretary S.R. Atygalle to all ministry secretaries, Chairmen of corporations and government-owned companies on December 7.
Employees of state institutions making profits during the financial year 2017 get Rs.15,000 as annual bonus payment. Public enterprises which have recorded a loss in 2016 and turned around their entities to profit-making ventures are eligible to a payment of Rs.15,000 to its employees.
This bonus will be confined only to those institutions which are not paying any incentives.
Employees of corporations and state companies which earned profits in the 2017 financial year, recorded a loss in 2016 and turned around their entities to profit making status in 2017 will be granted Rs.13,500.
A sum of Rs. 5,000 each will be paid to employees of corporations and state companies which have recorded a loss in the financial year of 2017 but reduced the loss compared to 2016. Employees of state institutions which have made a loss in the financial year 2016 and failed to reduce loss in 2017 will be paid a bonus of Rs. 3,000 on sympathetic grounds, the circular said.