CIL finalises 10th wage agreement, employees get 20 % hike in wage

Speed Post News Network

New Delhi : The 10^th Wage Agreement of Coal Workers was finalised at the 10^th meeting on 10^th day of 10^th month of 2017. The Wage Agreement of the employees has been due since July 1, 2016.

The negotiation for wage agreement that has been on the negotiation table for more than one year  concluded on October 10today. Trade Union representatives were insistent on 50% of wage increase. Their demand was there should be 50% wage increase for the employees. But considering the country’s position, CIL’s benefit and financial position, a new record has been created by agreeing to 20% increase in wages, according to a PIB release.

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 spend time with their family paving way for improvement in quality of life through Work-Life-Balance. The representatives of Trade Union and CIL Management have taken a decision to work together in the spirit of team work and increase productivity to unprecedented level.

To implement the agreement in totality, the payment of arrears would be made in three stages – 40%, 30% & 30%. For the welfare of workers, an amount of Rs 40,000 would be paid to the employees before Diwali as a one-time advance. CIL and its employees will contribute, for the first time, 7% towards pension fund which will help retired employees to avail the pension facility, according to the PIB release.