Coal India Limited Employee Pay Revision To Be Decided In January 2022
The PSU top management rejects the 50 percent MGB proposal of the unions
The top management of Coal India Limited (CIL) has outrightly rejected the demand of unions for 50 percent Maximum Guaranteed Bonus (MGB). The meeting which took place in Samrat Hotel in New Delhi was attended by 28 members of four unions including BMS, AITUC, HMS and CITU. From the Coal India Limited management side, CIL CMD, Pramod Agarwal, Director (Personnel) and Director (Finance) apart from the CMDs of Coal Mini-Ratnas, were present.
The management side proposed the new wage agreement for a period of ten years instead of the existing five year term which was rejected by the unions. The two parties will now meet in January, 2022, for two days for further discussion on wage hike of the coal PSU workers.