Walton contributes Tk 5cr to workers’ welfare fund

Senior Correspondent: Walton group, the country's leading electrical, electronics and home appliances manufacturing and marketing company, has contributed around Tk 5 crore from the dividends the company made last year to the workers' welfare fund of the Bangladesh government.

Executive Director and Chairman to the committee of Workers Profit Participation and Welfare Fund Trust of Walton Group SM Zahid Hasan handed over the cheque for Tk 4,75,93,461 to State Minister for Labour and Employment Md Mujibul Haque Chunnu at the Secretariat in the city on Thursday noon.

Walton provided the amount from the profit of the company's fiscal year 2017-18.

Secretary of Ministry of Labour and Employment Afroza Khan and Director General of Bangladesh Labour Welfare Foundation Fund Dr Anisul Awal were present during this time.

Executive Directors of Walton Group Amdadul Hoque Sarker (Marketing), Abul Bashar Howlader and Mohammod Sirajul Islam, Mohammod Alamgir Alam Sarkar, SM Shahadat Alam and Senior Deputy Director (Operation) Md Habibur Rahman were also present on the occasion.

During the cheque handover ceremony, Mujibul Haque said if every profitable company contributes a portion of their profits for the welfare of the labours, no worker will have to face vulnerability in the country.

The state minister also urged the Walton group to continue their contribution for the welfare of the workers.

Workers of both formal and informal sectors receive financial assistance from the fund for death, disability, diseases caused by industrial accidents and educational support for their children, he said.

According to Labour Act, each company has to pay 5 per cent of its net profit of the previous year at the proportion of 80:10:10 respectively to the Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund established under Section 14 of the Bangladesh Workers Welfare Foundation Act, 2006.

Complying with the Labour Act along with its social responsibility and human values, Walton has been sharing its profit each year with the Workers Welfare Fund.


risingbd/Dhaka/April 26, 2018/Noimuddin/AI