Bonus payment to employees of state-owned statutory bodies approved

12 December 2019 07:30 pm Views - {{hitsCtrl.values.hits}} 6 Bookmark

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The Treasury has approved the payment bonus for employees of state-owned statutory bodies and fully state-owned companies for 2019, the Finance Ministry said today.

The Treasury has issued a circular to all secretaries to ministries, heads of fully State-owned companies and chairmen of all State-Owned Enterprises (SoEs) in this regard.

The Ministry said that SoEs eligible to pay bonuses have been further advised to pay bonuses for 2019 to all staff based on the financial report of their financial year 2018, as given last year.

The circular No: 03/2018 of the Department of Public Enterprises issued on 7th December 2018 is valid for this purpose.

The bonus of 2019 will be subject to payment of all statutory payments made by the respective SoEs, even though if there is no board of directors appointed to any such SoE.

Comments - 6

Mahinda Thursday, 12 December 2019 07:53 PM

Are employees of state -owned enterprises incurring heavy losses year after year to be paid a Bonus?

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Ravi Friday, 13 December 2019 08:32 AM

Sri Lanka we pay bonus for loss making state owned enterprises until the next election for 2/3rds majority.

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ajja66 Thursday, 12 December 2019 08:54 PM

What a joke ? loss making SOE taking Bonus ?? Hard working private sector pay taxes for their Bouns

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Cisco Thursday, 12 December 2019 10:38 PM

Most if these places were run by goons of previous regime. Workers are nit responsible for loss to the insgitjution. Good ztep.

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Bhatiya Siriwardena Friday, 13 December 2019 08:33 AM

What a joke ? Loss making SOEs to pay bonuses! is this is the change?

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Sokrates Friday, 13 December 2019 01:34 PM

A bad political motivated decision. Usually a bonus is only paid if a profit has been made. The amount of the bonus depends on the amount of the profit. If no profit has been made like here, the taxpayer pays for the mismanagement and the laziness of the employees.

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