Good news for these employees…! It was told on behalf of Coal India that it has entered into a wage revision agreement with 2.38 lakh non-executive employees. After this change, there will be a tremendous increase in the salary of the company employees.
Coal India Share Price: If you yourself or any member of your family is an employee of Coal India Limited (CIL), then this news will make you happy. Coal India, a public sector company, was told that it has entered into a wage revision agreement with 2.38 lakh non-executive employees. After this change, there will be a tremendous increase in the salary of the company employees. Coal India has informed the stock market about this.
Information given to the stock market
In the information given to the stock market by Coal India Ltd., it was told that under the agreement, from July 1, 2021, 19 percent minimum guaranteed benefits and allowances on basic pay, variable dearness allowance, special work allowance and attendance bonus was increased by 25 percent. The company said, Joint Committee for Coal Industry (JBCCI)-11 approved the National Coal Wage Settlement for five years.
Wage settlement will be effective from 1 July 2021
The committee comprises representatives of CIL Management, Singareni Collieries Company Limited (SCCL), five central trade unions (BMS, HMS, AITUC, CITU and Indian National Mine Workers Federation (INMF). The wage settlement will be deemed to be effective from 1 July 2021. The agreement will benefit about 2.81 lakh employees of CIL and SCCL.
When will arrears be received
The increase in the salary of the employees will be effective from 1 July 2021. But no information was given by the company about when the employees would get this money along with the arrears. It is expected that the employees will get this money along with their June salary. However, the company did not give any official statement on this.
