Staff of State corporations and fully State-owned companies are to receive bonus payments for the year 2020.
According to the Daily FT, the Finance Ministry has approved the bonus payments.
Treasury Secretary S. R. Attygalle said the bonus payments will be based on the institutions’ audited financial statements for the year 2019.
The Treasury has proposed for the bonus payments to be within the range of Rs. 3,000 to Rs. 15,000.
The highest will be granted for employees of those institutions that recorded profits in 2019 and least for those who continued to make losses and failed to reduce losses in 2019.
The circular on the Treasury’s approval for bonus payments has been issued to all secretaries of Ministries and State Ministries, and Chairpersons of State Corporations and fully State-owned companies. (NewsWire)