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Monday, Oct 10, 2005
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RINL signs MoU for bonus

Our Bureau

VISAKHAPATNAM: A memorandum of understanding was signed on Saturday by the management of the Visakhapatnam Steel Plant (Rashtriya Ispat Nigam Ltd) and the registered trade unions for payment of Rs 12,760 to all regular employees as an advance, pending finalisation of the annual performance-linked reward scheme.

According to a press release issued byRINL, Mr K. Ayyappa Naidu, Director (Personnel), and the union representatives signed the MoU.

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