Two cos give Tk 54.6m to workers' fund

Two companies, Unilever Bangladesh Ltd. and BASF Bangladesh Ltd., contributed Tk 54.6 million to the Bangladesh Workers' Welfare Foundation Fund on Sunday.

The Unilever and BASF handed over cheques for Tk 53.43 million for the year 2017 and for Tk 1.16 million for fiscal year 2017-18 respectively to state minister for labour Mujibul Haque at his office at the secretariat in the city.

As per the amended labour law, profit-making companies have to contribute five per cent of their net profits to their participatory welfare funds as well as the government-formed workers' welfare fund.

The ratio of the contribution is 80:10:10 respectively.

Labour secretary Afroza Khan, Unilever general manager MM Zillur Rahman and BASF chief finance officer Masud bin Mazid were present at the cheque handover ceremony.

So far, 115 local and multinational companies have contributed a certain part of their profit to the Fund and the total amount stood over Tk 3.10 billion.

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