Tenaris Algoma Tubes: Bonus or no bonus?

SooToday.com has received a number of complaints from employees of Tenaris Algoma Tubes stating that they would not be receiving their expected annual bonus this year.

One reader wrote to us to say that her husband was informed just a week prior to the scheduled bonus pay day that he would not be receiving the estimated $2,000 of extra income.

"Our family, as well as many others who have spouses who work for Tenaris, have already spent this money or had a plan for where it was going to be spent knowing that we are getting the money - and have gotten it every other year," she stated. "And we know its not a money thing... management is still getting their allotted 6 percent bonus."

We spoke with Tenaris Algoma Tubes communications representative Chris Belsito who was aware of the information sent to us and said the letter is incorrect, although he could not elaborate.

"There is a bonus system in place for employees," Belsito told us. "Bonuses are never a guarantee, but are simply an add-on."

Belsito could not comment regarding specific bonus amounts, stating he's unable to disclose details of the employee compensation agreement.