Coal India Unions Seek 50% Rise in Workers’ Salaries
Trade unions at Coal India Ltd have demanded a 50% increase in workers’ wages, potentially pushing up costs of the fuel that helps produce more than two-thirds of India’s electricity. The demand is backed by expectations for rising profits in coming years amid a reduction in staffing and plans to increase production. The unions had their first meeting with management last month to discuss the matter and more meetings will be held before they reach a decision, he said in a phone interview.
A 50% wage boost would be a dramatic increase for Coal India, which revises salaries of non-executive staff every five years. Previous negotiations have typically led to 20% to 25% increases.
Coal India declined to comment on the demand, saying the talks are still at a nascent stage and it’s looking for a “win-win situation for both sides.”