Tata Steel has agreed to pay an annual bonus of Rs 180.5 crore for its 30,824 eligible employees.

Of this, about Rs 103.6 crore will be distributed as annual bonus among 17,254 employees at Jamshedpur, including tubes division, the company said in a press release on Monday. The minimum and maximum annual bonus payable for last financial year will be Rs 13,311 and Rs 143,653, it added.

We would like to inform you that a memorandum of settlement has been signed on Monday between Tata Steel and the Tata Workers’ Union, for annual bonus for the accounting year 2012-2013.

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