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Tamil Nadu
Hosiery workers hopeful of Deepavali bonus
M. Gunasekaran
TIRUPUR:
Even as stalemate continues over talks for wage agreement for around two lakh hosiery workers, negotiations for Deepavali bonus began on a happy note.
According to trade union sources, bonus talks have been successfully completed in two major firms, which employ more than 1,000 workers each.
Tirupur Exporters' Association (TEA) secretary G. Karthikeyan says though most of the companies give 8.33 per cent bonus, there are a few leading firms that might give bonus up to 35 per cent.
On an average, workers in Tirupur get 15.5 per cent bonus, says Mr. Karthikeyan.
Leaving the matter of fixing the percentage to the factory based on performance, TEA asked its members not to give more than last year's bonus.
South India Hosiery Manufacturers'Association also left the matter to its members by giving a broad outline.
The disbursal of bonus will begin on Saturday, the salary day of Tirupur, and 90 per cent of the companies will complete the exercise by October 14.
However, workers of textile processing houses can't entertain big hopes as the sector is facing severe financial crisis.
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