Coal India productivity up as retirees outnumber recruits

Kolkata: Coal IndiaNSE -0.75 %’s costs are likely to fall as it will have 40,000 fewer employees in five years and will use better equipment, helping it face private competition.

It is likely to recruit 2,000-3,000 people annually, while 8,000-10,000 retire every year.

A senior company executive said Coal India will recruit people for critical and statutory positions that fall vacant. It will also offer jobs to families of people who lose land for new mines and following expansion of existing ones. “Going by our estimates, recruitment from the next year onwards will not be more than 3,000 annually,” the executive said.