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Higher bonus to pinch Coal India |
Bonus of Rs 26,500 promised to non-exec employees to lead to annual outgo of Rs 940 cr this year |
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State-run Coal India Ltd has said that the bonus of Rs 26,500 that it
has given for non-executive employees will lead to an annual outgo of
around Rs 940 crore this year.
This is a 28 per cent rise from the outflow of about Rs 740 crore
during the last financial year. “Last year, we paid a bonus of Rs 21,000
crore. Since, our profits were good this year, we have increased this
to Rs 26,500 for the more than 3,50,000 non-executive employees in our
company. Hence the outgo has increased to more than Rs 200 crore
compared last year,” said R Mohan Das, Director (Personnel &
Industrial Relations), CIL.
The Kolkata-based coal major had increased the bonus last
year from Rs 17,000 to Rs 21,000, when various unions went for a one-day
strike causing a loss of more than Rs 100 crore and were threatening to
go for a three-day strike.
On February this year, the Maharatna major had signed the National
Coal Wage Agreement-IX. According to CIL sources, while the impact of
the agreement was Rs.6,500 crore in the first year and around Rs 4,000
crore annually, during the five-year tenure of the pact which is
effective July 1, 2011.
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