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Salary of PSU employees in last 4 years-Survey

A PSU employee on an average received an annual salary of Rs 6.09 lakh in 2009-10, with total emoluments increasing more than 100 per cent in the last four years.

According to a Public Enterprises Survey of the government, thanks to the pay hike which was effected in 2008-09 following the implementation of the Wage Commission Committee.

Despite the salary increase, PSUs have managed to increase their net profit by 10.40 per cent to a combined Rs 92,593 crore in 2009-10.

Of the 249 Central Public Sector Undertakings (CPUs), as many as 217 make profit.

However, in 2009-10, salaries and wages in all PSUs went up by 9.41 per cent to Rs 90,863 crore in 2009-10 for the period under review.

Source : The Economic Times