Grameenphone, the largest mobile operator of the country, has announced it will share 5% profit with its employees as per a statutory rules and order gazette of 2010.
Its CEO Vivek Sood announced the decision at a general meeting with the employees at the GP House yesterday (September 4).
According to this declaration, Grameenphone will have to share its profit from the past three years, the total amount of which stands at Tk2.35bn.
Grameenphone made a profit of Tk17.5bn in 2012, Tk18.89bn in 2011, and Tk10.71bn in 2010. It will have to share Tk875m, Tk944.5m and Tk535.5m for these years.
The Grameenphone People’s Council, a platform of employees of the operator, welcomed the decision.
“We appreciate the decision and also hope that the management will resolve other problems,” Mohammad Moinul Kader, chairman of the council, said while talking the Dhaka Tribune.
After today’s meeting a Grameenphone spokesperson said: “The trustees of the fund will later distribute the money equally among the eligible employees. This is applicable with a retrospective effect from 2010.”
The company had deposited the amount to be shared but also challenged the statutory order in the court. The government included the provision of profit sharing in the labour law last July.
A few employees of the mobile operator became a party to that legal fight between the management and the employees, which has been running for the past two years.
Mobile phone operator Robi was the first to have declared to share 5% of its profit with its employees. Robi, which has 1,800 employees, made net profit of Tk911m in 2012.
