Updated By: LatestGKGS Desk
Historical Wage Agreement by Coal India Limited for Wage Agreement
Historical Wage Agreement by Coal India Limited for Wage Agreement of the employees finalized on 10th Meeting on 10th of October 2017.
The 10th Wage Agreement of Coal Workers was finalized on 10th Meeting on 10th of October this year 2017. Wage Agreement of the employees has been due from 1 July 2016.
The Negotiation for wage agreement that has been on the negotiation table for more than one-year has been concluded 10 October 2017.
Trade Union representatives were insistent for 50% of wage increase and their demand was there should be 50 % wage increase for the employee.
But considering the country’s position, CIL’s benefit, and financial position, a new record has been created by agreeing 20% increase in wages.
The special accomplishment of this agreement is that every employee shall get one day's rest in a week, as per rule.
So that, the employee shall have relaxation and shall get an opportunity to spend time with their family paving way for improvement in the quality of life through Work-Life-Balance.
The Representative of the Trade Union and CIL Management have taken a decision to work together in the spirit of teamwork and increase productivity to the unprecedented level.
