GrameenPhone to share 5% of profits with employees

6 Sep 2013

Bangladesh’s leading cellco by subscribers GrameenPhone has agreed to share 5% of its profits with its employees to comply with a labour law which entered force in 2010, the Daily Star reports. The company will form a trustee board to transfer the profit-sharing amount to, and the board will disburse the proceeds to employees, according to Syed Tahmeed Azizul Haq, acting chief communication officer of GrameenPhone. The Telenor subsidiary must share its profit from the last three years with its approximately 4,500-strong workforce, including staff who left the company after 2010.

Bangladesh, GrameenPhone,

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