Coal India concludes wage revision pact with non-executive workers; agrees to 25 pc hike in allowances
STATE-OWNED Coal India Ltd (CIL) on May 22 said it has reached an agreement with its 2.38 lakh strong non-executive workers over the revision of wages. Under the agreement reached, a 19 per cent minimum guaranteed benefit from July 1, 2021, on emoluments (basic, VDA, SDA & attendance bonus) and a 25 per cent increase in allowances have been granted, Coal India said in a filing to exchanges.
“The Joint Bipartite Committee for the Coal Industry (JBCCI)-XI consisting of representatives of CIL management, Singareni Collieries Company Limited (SCCL), five central trade unions i.e. BMS, HMS, AITUC, CITU and Indian National Mine Workers' Federation (INMF) on May 20, 2023, recommended and inked National Coal Wage Agreement (NCWA)-XI for the period of five years w.e.f. 01.07.2021,”
the miner said. Around 2.81 lakh employees of CIL and SCCL who were on the rolls of the company as on July 1, 2021, would be the beneficiaries post-implementation of the agreement. Further, Coal India Limited has made a provision of Rs 9,252.24 crore for a period of 21 months effective July 1, 2021, to March 31, 2023, for this effect. The final impact of the 25 per cent increase in allowances will be intimated shortly which is not likely to be significant.