SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 23 Dec, 2014  

Coal.9.Thmb.jpg Coal India seeks conciliation as unions call for strike

Coal.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 23 Dec, 2014
The country's largest coal producer Coal India (CIL) Monday said it is prepared for a conciliation process even as the employees' unions of the state miner threatened to go on a five-day strike from Jan 6.

"As and when the (notice of strike) is received, we shall go for conciliation process," Coal India (CIL) said in a stock exchange filing.

The company said that according to media reports, four trade unions -- Indian National Mineworkers Federation (INMFW), Hind Khadan Mazdoor Federation, the Indian Mine Workers Federation and Bharatiya Mazdoor Sangh -- have decided to go on strike Jan 6-10.

CIL is, however, yet to receive any official notice from the unions in the matter.

CIL, it is estimated, will have to bear a revenue loss of Rs.1,000 crore including a production loss of about 6.5 million tonnes due to the strike.

Five trade unions in CIL and Singareni Collieries Company (SCC) had Dec 17 called for the strike protesting against denationalisation of coal and disinvestment in the world's largest coal miner.

"Despite a drastic reduction in permanent staff from the workforce, the centre is pressing for denationalisation of CIL," said AICWF general secretary Jibon Roy said in Kolkata Thursday. The union has extended its support to the four unions and will hold a separate strike Jan 13.

The unions are demanding the scrapping of the enabling clause from the Coal Mines Ordinance 2014, which allows commercial mining by private firms, and divestment of at least ten percent stake in CIL, among others.

"The (coal) minister had previously promised to consult trade unions for further proceedings based on which we cancelled our previous strike Nov 24 but the government passed the coal legislation without any consultation," he added.

The striking unions have also demanded extension of National Coal Wage Agreement (NCWA) wages and other benefits to existing and prospective captive coal workers and lifting the ban on general recruitment.

"We are pushing for the demand to implement a five-day week and 35 hours of weekly work schedule from the existing seven days a week and 56 hours a week work schedule," Roy said.

Also, unions have asked for improving amenities including free education, up to class 12, for the children of workers.

The proposed disinvestment of $8.5 billion in CIL will help the Centre lower fiscal deficit. The union government sold 10 percent stake in CIL in 2010 raising $3.4 billion.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter