Coal India Ltd & Unions ink MoU Recommending Minimum Guaranteed Benefit to Employees
As part of the ongoing National Coal Wage Agreement -XI (NCWA-XI), Coal India Limited (CIL) and four central trade unions BMS, HMS, AITUC, and CITU inked a Memorandum of Understanding (MoU) on 3 January 2023 that recommends a 19% Minimum Guaranteed Benefit (MGB) for 2.38 lakh non-executive employees.
As of 30th June 2021, the MGB will be 19% on emoluments, which include basic pay, variable dearness allowances, special dearness allowances, and attendance bonuses.
The Telangana-based Singareni Collieries Company Limited (SCCL) is 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.
CIL’s corporate headquarters in Kolkata hosted the eighth Joint Bipartite Committee for the Coal Industry-XI meeting on 3 January.
Upon finalizing deliberations on remaining issues other than MGB, a formal pact for NCWA 11 will be finalized for five years starting 1st July 2021.
The four CTUs have taken the lead in reaching an amicable conclusion to the MGB. CIL is having harmonious industrial relations, and the unions understand how important it is to hit fiscal production targets.