The Grameenphone management has finally reached a consensus on the disbursement of the long-disputed profit sharing worth Tk420 crore among its employees for the years 2010-2012.
The profit will, however, be shared after a written promise that the employees won’t go to the court for claiming their profits any further.
Newly appointed Chief Executive Officer of GP Rajeev Sethi yesterday came up with the disclosure while addressing a meeting at GP house in the city. Chairman of GP Peoples Council (GPPC) Moinul Kader also spoke on this occasion.
Both Rajeev Sethi and Kader informed the meeting that the process, which has already started, might be completed shortly.
According to sources, employees can have their profits after deducting the government portion of 10% out of Tk420 crore by January next.
As per labour law, all the employees will get 5% of any companies profit share.
Before tax, GP had earned profit around Tk2,079 crore, over Tk3,316 crore, Tk3,004 crore in three years while the employees were entitled to get 5% of the profits as per labour law.
The government issued a Statutory Regulatory Order (SRO) in 2010, which included telecom operator as well.
GP shared 5% profit in 2013 to comply with the law but it had earlier challenged the SRO in a court, the issue of which is still pending.
During the last couple of days, GP employees were in movement to press home their demand for profit share. They also formed human chains, tagging the symbol of 5% on their shirts.
After the meeting, the GP management informed that they would hand over a list of employees for the period of 2010-2012 to the Board of Trustees (BOT) upon a request made by the GPPC.
“Earlier, last week, the GP Management Team had clearly communicated that it sought an amicable solution to facilitate payment from the trustee to eligible recipients as quickly as possible,” according to a GP statement issued yesterday.
The GP management is extremely pleased to have resolved the issue and expect the BOT will now expedite the subsequent processes, it also reads.
