New Delhi: State-owned Coal India Limited (CIL) and trade unions have agreed to a 19 percent minimum guaranteed benefit of the monthly emolument, benefitting 2.38 lakh non-executive workers, said an official statement on Wednesday. The MoU between CIL and trade unions was signed in Kolkata on Tuesday.
In this regard, "CIL and the four central trade unions including, BMS, HMS, AITUC and CITU have inked a Memorandum of Understanding (MoU), recommending 19 percent Minimum Guaranteed Benefit (MGB) for 2.38 lakh non-executive employees as part of the ongoing National Coal Wage Agreement XI (NCWA-XI)," said Ministry of Coal in a statement.
The MGB of 19 percent is on the emoluments as of June 30, 2021, which include basic pay, variable dearness allowance, special dearness allowance and attendance bonus. The Telangana-based Singareni Collieries Company Limited (SCCL) was also the other signatory to the MoU.
"A total of around 2.82 lakh employees of both the state-owned coal entities, CIL and SCCL, who were on the rolls of the company as of 1st July 2021, would be the beneficiaries. SCCL's employees account for close to 44,000," it said.
A formal pact for the eleventh version of NCWA, effective from July 1, 2021, for five years, would be finalised after deliberations on remaining issues other than MGB are concluded, said the statement.
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