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Ashok Leyland signs bonus pact with union

In a notice to employees, the company said that the payment would be pro-rated to the actual attendance and earnings thereof during the financial year of 2018-19.

It may be recalled that the workers’ union has been demanding 7% of the profit made last fiscal, but the management was adamant at 5% or 5.5%.

Hinduja group flagship Ashok Leyland (ALL) on Friday announced that it has signed a memorandum of understanding with Ashok Leyland Employees Union (ALEU), the recognised union, for an ex-gratia/bonus amount of Rs 1.75 lakh for the unionised category of employees at its Ennore ...

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