Hyderabad January 17
Singareni Management’s recent announcement brings positive news for retired workers as the company gears up to distribute various benefits. In a significant move, the management has allocated 32 percent of the profits earned during the financial year 2022-23 to be shared among the diligent workforce. The much-anticipated profit share for retired workers is set to be disbursed on the 19th of this month.
Adding to the employees’ delight, a Performance Service Linked Bonus of Rs.85 thousand is scheduled for payment on the 21st of the current month. This additional bonus reflects the company’s acknowledgment and appreciation of the dedicated service provided by its workers.
Furthermore, the Singareni Management has revealed its commitment to resolving wage-related matters. The salary arrears linked to the 11th salary revision will be settled on the 6th of the upcoming month. This decision comes as a relief for employees who have been eagerly awaiting the resolution of these financial matters.
Behind this positive development lies the influence of the AIT UC recognition association, which has actively advocated for the rights and benefits of Singareni’s workforce. The association’s efforts have successfully pressured Singareni Yajamanyam to ensure that retired workers receive their well-deserved Diwali bonus, profit share, and salary arrears.
This comprehensive approach by Singareni Management not only demonstrates its commitment to employee welfare but also underscores the importance of recognizing and rewarding the dedicated service of its workforce. The positive impact of these measures is expected to resonate well within the Singareni community, fostering a sense of satisfaction and appreciation among both current and retired employees.
