Coal India, unions settle salary hike issue
25 Aug 2017 10:40 PM IST
New Delhi: The stalemate between Coal India management and unions over the issue of salary hike has come to an end as both have reached an understanding.
"We have reached an understanding with the Coal India management for 20 per cent minimum guaranteed benefit," D D Ramanandan, General Secretary of CITU-affiliated All India Coal Workers Federation, said.
The central trade unions at the coal PSU had been demanding 25 per cent increase on gross wages as on June 30, 2016, plus 4 per cent as perks.
Ramanandan said the unions have settled for 20 per cent minimum guaranteed benefit as the management was earlier not contributing to the medical scheme, but now has agreed to provide Rs 18,000 per person.
"Already, the management is contributing 1.16 per cent for the pension funds, which will be increased to 7 per cent," he added.
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