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Distributing 594 million pounds from the profits of the Tobacco Corporation to its employees

2022-08-08T14:55:44.130Z

Damascus, SANA- In appreciation of their efforts and their contribution to achieving profits, an amount of 594 million was approved for distribution



Damascus-SANA

In appreciation of their efforts and their contribution to achieving profits, an amount of 594 million Syrian pounds was approved to be distributed to all employees of the General Tobacco Corporation out of the total value of net profits achieved by the Foundation for the year 2021, which amounted to 15.8 billion pounds.

Regarding the mechanism for calculating the percentage of profits and the amounts distributable, the Assistant General Manager of the Corporation, Qutaiba Khaddour, said in a statement to SANA reporter, “The Corporation sets, at the beginning of each year, standards and performance rates in line with its annual plan and the level of its costs and revenues, based on the decision of the Presidency of the Council of Ministers to consider the products of the industrial public sector as commodities. competitiveness.”

Khaddour added, "When the actual financial statements for the fiscal year are issued, the Corporation discusses and studies the tables of standard and actual costs for the fiscal year, the subject of research, with the Ministry of Finance, based on the financial statements of all the Corporation's activities, for adoption as a basis for calculating the percentage of additional net profits that can be distributed to employees."

Khaddour pointed out that the institution is doing what is necessary to raise the level of performance and improve the productivity of workers by securing and improving an appropriate environment and working conditions for them in terms of providing all the necessary compensation such as incentives, nature of work, specialization, incentive bonuses, etc. food and serving them by means of transport.

Yesterday, the Ministry of Industry agreed to distribute the additional net profits to employees of the General Tobacco Corporation according to work centers and by approving marks for each center in appreciation of their efforts.

Louay Hosamou

Follow Sana's news on Telegram https://t.me/SyrianArabNewsAgency

Source: sena

All business articles on 2022-08-08

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