Business Desk :
MetLife, an American life insurance company, Thursday donated over Taka 1.22 crore, a fixed portion of its profit, to Bangladesh Labour Welfare Foundation (BLF) fund, according to an official release.
MetLife Chief Financial Officer Alauddin handed over a donation cheque for Taka 1,22,14,424 to State Minister for Labour and Employment Md Mujibul Haque at his office in the Secretariat here, the release said.
Addressing the cheque hand over function, the state minister said it is a unique law for the employees of different companies that they get 80 percent of five percent profit out of the total profit of the company.
It plays a vital role in developing work environment in the companies and positive impacts on production, he added.
According to the release, MetLife donates money to the BLF fund regularly for the welfare of the labour. As per the Labour Law, a total of 95 local and international companies donate one of tenth of five percent of their total profit to the BLF fund.
The total amount of the BLF fund now is over Taka 250 crore, the release said, adding that financial and educational assistances are given to the institutional and non-institutional workers and their children.
Secretary of Labour and Employment Ministry Afroza Khan, BLF Director General Dr Anisul Awal and MetLife Head of Corporate Affairs Mostak Hossain were present in the function, among others.
MetLife, an American life insurance company, Thursday donated over Taka 1.22 crore, a fixed portion of its profit, to Bangladesh Labour Welfare Foundation (BLF) fund, according to an official release.
MetLife Chief Financial Officer Alauddin handed over a donation cheque for Taka 1,22,14,424 to State Minister for Labour and Employment Md Mujibul Haque at his office in the Secretariat here, the release said.
Addressing the cheque hand over function, the state minister said it is a unique law for the employees of different companies that they get 80 percent of five percent profit out of the total profit of the company.
It plays a vital role in developing work environment in the companies and positive impacts on production, he added.
According to the release, MetLife donates money to the BLF fund regularly for the welfare of the labour. As per the Labour Law, a total of 95 local and international companies donate one of tenth of five percent of their total profit to the BLF fund.
The total amount of the BLF fund now is over Taka 250 crore, the release said, adding that financial and educational assistances are given to the institutional and non-institutional workers and their children.
Secretary of Labour and Employment Ministry Afroza Khan, BLF Director General Dr Anisul Awal and MetLife Head of Corporate Affairs Mostak Hossain were present in the function, among others.
