January 4, 2023 9:08 PM

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Coal India Limited & 4 central trade unions ink MoU recommending 19% minimum guaranteed benefit to its employees

Coal India Limited and the four central trade unions have inked a Memorandum of Understanding recommending a 19 percent minimum guaranteed benefit to its employees. This will benefit two lakh 38 thousand non-executive employees as part of the ongoing National Coal Wage Agreement -XI.<br />''<br />''The minimum guaranteed benefit of 19 percent is on the emoluments as of the 30th of June, 2021 which include basic pay, variable dearness allowance, special dearness allowance, and attendance bonus. The four central trade unions Bharatiya Mazdoor Sangh, Hind Mazdoor Sabha, All India Trade Union Congress, and Centre of Indian Trade Unions have taken a lead in finalizing the minimum guaranteed benefit amicably. <br />''<br />''<br />

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