Face2News/Chandigarh
In the spirit of celebrating Diwali, CITCO is pleased to announce a series of festive benefits for its regular and outsourced employees. In recognition of their continued dedication and service, the Corporation has approved several measures to ensure all employees enjoy the festive season with added support.
For regular employees, the Dearness Allowance (DA) has been increased, effective from July 2024. The revised DA, along with arrears from July to October, will be disbursed to all employees, enhancing the joy and celebrations this Diwali.
For outsourced employees, CITCO has taken the considerate step of ensuring that their salaries are credited before the festival. Service providers have been instructed to disburse advance wages for 15 days to outsourced employees ahead of Diwali. These advance wages, along with the full month's Employee Provident Fund (EPF) and Employees' State Insurance (ESI) contributions, will be processed in the usual 30-day wage bill cycle.
(SUBHEAD)Additionally, CITCO is extending the statutory bonus to all its contractual employees who draw a salary of less than ₹21,000 per month. This move further reflects the Corporation's commitment to employee welfare and ensuring a joyful festive season for all.
CITCO remain dedicated to the well-being of its workforce and wish all employees a joyful and prosperous Diwali. “By ensuring timely disbursement of the revised DA and advancing wages for our contractual & outsourced staff, we hope to make this festive season even brighter for everyone” said Mr. Hari Kallikkat, Managing Director, CITCO.
