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Ashok Leyland hopeful of settling bonus talks with employees' union

Union has earlier demanded 10% payout, but company stood firm on its offer of 5% and at the end of talks, both parties agreed to 5.423%

Photo: Reuters
Photo: Reuters

Commercial Vehicle major and Hinduja Group flagship Ashok Leyland is expected to conclude talks with the employees' union on bonus for the year within the next two or three days. According to sources, the Union and the management have agreed on a payout of 5.42 per cent of the profit of fiscal year 2018-19. Ashok Leyland spokesperson said that the company will revert as soon as an agreement is signed. There are 6,146 employees and irrespective of the grades, all will be eligible for bonus. As per the talks, each employee will get a Rs 1.75 lakh as bonus. Last year, the ...