PSU employees to get Onam bonus: Minister

Thiruvananthapuram, Aug 25 (UNI) Kerala Industries Minister Elamaram Kareem today said the employees of profit making PSUs under the Industries Department would get 20 per cent bonus during Onam festival.

After attending the meeting organised with state Labour Minister P K Gurudasan and trade union leaders to discuss the bonus issue, he said the employees of the PSUs working on loss would also get 8.33 per cent bonus.

Mr Kareem said the employees of closed institutions and those who were out of bonus limit would receive Rs 1,000 as festival allowance.

The meeting also settled the bonus issue pertaining to 11 PSUs and would continue talks on the remaining institutions, he added.

UNI CGV AJ 1946