After prolonged discussion of revision of wages, which was pending since June, 2016, Coal India and its four major trade unions have finally settled the wage agreement, with the company conceding to a 20 per cent wage hike and other benefits.
The discussion, which was concluded after a 4-day meeting, went mostly in favour of the trade unions affiliated to the BJP, CPI, CPI-M and Forward Bloc despite the Congress supported INTUC, Coal India’s largest trade union, not able to participate in the negotiation process, as per a Court order.
Against a demand of 50 per cent wage hike, which