Walton shares Tk 770m profits with employees

Local s electronics giant Walton has disbursed Tk 770 million among its employees from its profits for the period of 2018-19 amid a countrywide lockdown to stop the spread of coronavirus (COVID-19), reports UNB.

In addition, Walton is paying over Tk 75 million to the government’s Workers’ Welfare Fund.

The company earned huge profits during 2018-19. On Wednesday, each of the employees received equal amount of profits bonus in their respective bank accounts.

Walton Group’s executive director (Policy, HRM and Admin) SM Zahid Hasan said, the company is doing business following all rules and regulation properly and transparently.

“Walton has already earned a goodwill in the country’s business arena through paying due VAT and tax regularly,”he said.

Walton will also deposit a record Tk76.8 million to the Workers’ Welfare Fund, he said, adding that the company has already been the top contributor to that fund.

A worker of Walton factory said, the company has already closed all of its offices to stop the spread of coronavirus following the government’s instruction. “Generally, we have very little amount in hand at the end of month. In this situation, we are very happy for getting profit bonus,” the employee said.

Walton Group’s executive director Uday Hakim said the works are producing hand sanitiser as well as distribution of PPEs (Personal Protective Equipment) to doctors and health workers has been going on.

Walton Group’s board of directors and all the departmental heads are regularly monitoring the entire works and giving necessary instructions, he added.

According to Walton authorities, the company has already donated Tk 1 million to Bidyanondo Foundation, an education favourable voluntary organisation providing education, shelter, nutrition, healthcare and legal aid to the impoverished. The foundation is working for 40,000 poor people.

Besides, Walton is initially providing FDA and CE certified 5,000 units of each Cover off Protective Suit, Disposable Medical Mask, Safety Goggles and Head Cap; 5,000 pairs of each Disposable Gloves as well as Shoe Cover; and hand sanitiser to the government hospitals for doctors and health workers.

In addition, the company has been conducting awareness and sanitisation campaigns at around 20,000 points at a time across the country.

The company is also delivering face masks, gloves, sanitisers among others to journalists.