OREANDA-NEWS. October 17, 2012. TRL Krosaki Refractories (TRL Krosaki) has declared an amount of minimum Rs17,000 as bonus and cash award to its workmen for the year 2011-12. TRL Krosaki has recently signed a wage agreement with the union which has accrued windfall gains to the workmen.

As per the bonus agreement, each employee in workmen grade is eligible for bonus and cash award for the accounting year 2011-12 at the rate of 20 percent of their salary subject to a minimum of Rs17,000. This is the highest amount ever paid by any refractories company in India and one of the highest for any industry in Odisha. Nearly 1,000 workers will benefit from this payment which was made through their respective bank account on October 12, 2012. It may be noted that the management has agreed for the bonus in spite of present financial stringency of the company.

The company has been paying bonus uninterruptedly for the last several years, despite of its low profitability.