ArdorComm Media News Network
September 1, 2025
Tata Steel has announced a bonus payout of ₹303.13 crore for its employees for the financial year 2024-25 after finalizing a memorandum of settlement with the Tata Workers’ Union (TWU).
Out of the total, around ₹152.44 crore will be disbursed among 11,446 employees from the Jamshedpur divisions, including the Tubes division, the company confirmed.
As per the agreement, the minimum annual bonus (for full attendance) stands at ₹39,004, while the maximum (based on actual attendance) goes up to ₹3,92,213.
The company clarified that while most employees earn above the eligibility threshold set by the Payment of Bonus (Amendment) Act, 2015, Tata Steel will continue its long-standing practice of granting bonuses to all employees in the unionised category, upholding its tradition of employee welfare.
The memorandum was signed in the presence of Tata Steel CEO & MD T.V. Narendran, Chief People Officer Atrayee Sanyal, and other senior executives, along with Jharkhand’s Deputy Labour Commissioner Arvind Kumar. Representing the workforce, TWU President Sanjeev Kumar Choudhary and General Secretary Satish Kumar Singh, along with other office bearers, signed the agreement on behalf of the union.
Source: PTI