Coal India signs wage pact with workers' unions
10 Oct 2017 10:51 PM IST
New Delhi: State-owned Coal India today said it has signed a wage agreement with workers' unions for a period of five years which would have an estimated impact of Rs 5,667 crore annually to the miner.
The "Memorandum of Agreement for National Coal Wage Agreement-X has been signed on October 10 for a period of five years from July 1, 2016 to June 30, 2021", Coal India said in a filing to BSE.
"This agreement will impact 2.98 lakh coal workers and the total estimated average annual impact would be Rs 5,667 crore," the filing said. Of the five central unions in the coal industry, only three – AITUC, CITU and BMS – signed the wage pact.
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