No bonuses for CEB employees this year

No bonuses for CEB employees this year

December 9, 2024   12:20 pm

The Ceylon Electricity Board’s (CEB) Board of Directors has decided not to grant bonuses to its employees this year, despite the CEB Employees’ Union affiliated with the National People’s Power (NPP) demanding bonuses by December, citing the CEB’s profitability.  

The union had earlier requested the CEB management to provide bonuses before December 10, citing improved financial performance and the change in government administration as reasons. 

General Secretary of the union Ranjan Jayalal pointed out during a press briefing that CEB employees had not received bonuses for the past two years under the previous government. With the NPP now in power, he argued, it was reasonable to expect better benefits for the workforce.

However, the CEB Board of Directors has justified their decision by explaining how this year’s profit has been utilized. According to the Board, the CEB generated a large profit in 2024, but Rs. 112 billion of it was allocated to settle outstanding debt to institutions such as the Ceylon Petroleum Corporation (CPC). 

The remaining Rs. 41 billion was used to reduce electricity tariffs for consumers in the year 2024, aligning with the government’s promise to ease the cost of living. This left no surplus to accommodate bonuses for employees, according to the CEB.

When inquired by Ada Derana, CEB Media Spokesperson Dhanushka Parakramasinghe confirmed that the Board of Directors had already finalized its decision.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Two Chinese nationals arrested at BIA with gems worth over Rs. 17 mln (English)

Two Chinese nationals arrested at BIA with gems worth over Rs. 17 mln (English)

Digital NICs to be issued from this month - Deputy Minister (English)

President Dissanayake to meet Chinese counterpart tomorrow (English)

President AKD links Thai Pongal festival’s values to 'Clean Sri Lanka' initiative (English)

LIVE🔴 Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm

Fairly heavy showers expected tomorrow (English)

Sanuka's hit song 'Mohini' wins big at Derana CloseUp Music Video Awards 2024 (English)