Wednesday, January 21, 2009

Coal India Employees wage pact to be signed on 24th January

Coal India may be forced to to raise prices next year to partially meet the increased wage bill.

 The Govt. will sign a new wage pact with Coal India employees on 24th January.Coal India has more than five lakh non executive employees. Under the new wage agreement, the workmen will get 24% pay hike. As per the eighth national wage settlement for Coal India employees, they  will have a retrospective effect, - from July 2006 for workmen and January 2007 for officers.

 According to Union minister of state for coal Santosh Bagrodia, the revised wages will put an additional burden of Rs 5000 crores on Coal India.

No comments :

All the information published in this webpage is submitted by users or free to download on the internet. I make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this page and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. All the other pages you visit through the hyper links may have different privacy policies. If anybody feels that his/her data has been illegally put in this webpage, or if you are the rightful owner of any material and want it removed please email me at "shyamali00@gmail.com" and I will remove it immediately on demand. All the other standard disclaimers also apply.

Blog Archive