Sunday, May 22, 2022
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Coal India Employees

Cost cutting: Coal India announces plan to cut 5% jobs every year for next 5-10 years

State-run Coal India Ltd (CIL) has announced its plan to cut jobs by 5 percent every year for the next 5-10 years as part of its cost cutting measures

CIL trims revenue expenditure by 3.3%; cuts in employee benefits contributes majorly to reduction

CIL’s overall expenditure has reduced by Rs 1,838 crore or 3.3 percent during the first nine months of FY21 as a major reduction was visible in employee benefit expenses

Govt says ‘No’ to Coal India employees on pay-parity

The government rejected the demand, saying that the current salaries were in line with the Department of Public Enterprises guidelines

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