This information will make you pleased if you or a member of your family works at Coal India Limited (CIL). A public sector business, Coal India, was informed that 2.38 lakh non-executive workers have signed a salary revision agreement. The pay of the company’s employees will significantly increase with this move. The stock market has been advised of this by Coal India.
Data provided to the stock market
According to information provided to the stock market by Coal India Ltd., starting on July 1, 2021, the minimum guaranteed benefits and allowances on basic pay, the variable dearness allowance, the special work allowance, and the attendance incentive will all increase by 25 percent under the terms of the agreement. The National Coal Wage Settlement for five years was accepted by the Joint Committee for the Coal Industry (JBCCI)-11, according to the firm.
Coal India Employees – Wage settlement will begin on July 1st, 2021.
Representatives from the CIL Management, Singareni Collieries Company Limited (SCCL), BMS, HMS, AITUC, CITU, and Indian National Mine Workers Federation (INMF) are included on the committee. From July 2021, Wage Settlement 1 will be regarded as in effect. There are 2.81 lakhs CIL and SCCL employees who will gain from this deal.
When do you expect
Starting on July 1, 2021, arrears Coal India employees’ salaries will increase. However, the corporation provided no information regarding the timing of the employees’ receipt of this money in addition to the arrears. The employees should receive this cash along with their June paycheck. The business, however, made no official comments regarding this.
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