Walton pays Tk 39.3m to Govt Workers Welfare Fund

Walton Hi-Tech Industries PLC, country's superbrand and leading electronics manufacturer, has paid around Tk 39.3 million (3.93 crore) to the Bangladesh Worker's Welfare Foundation under the Labour and Employment Ministry from the profit of the company in the fiscal year 2022-23.
On Thursday a nine-member delegation of Walton, led by its Additional Managing Director Nazrul Islam Sarkar, has handed over a cheque for the money to State Minister for Labour and Employment Md. Nazrul Islam Chowdhury at a programme held at Bangladesh secretariat in the capital.
The programme was attended, among others, by Labour and Employment Secretary Md. Mahbub Hossain, Walton Hi-Tech's Deputy Managing Director Yousuf Ali, Senior Executive Directors Sharif Harunur Rashid and Sadekur Rahman, Additional Executive Director Hafiz Ullah and Deputy Operative Director Minhaj Uddin.
According to the Labour Act, each company has to pay 5.0 per cent of the net profit in the previous year at the proportion of 80:10:10 respectively to the Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund in line with the Bangladesh Workers Welfare Foundation Act. In continuation of this contribution, each of the Walton employees got Tk 19,838 in FY 2022-23 from the profit share fund.