Kolkata: Maharatna coal behemoth Coal India (CIL) has declared a performance-linked reward (PLR) of Rs 68,500 per employee to all its non-executive cadre workforce for 2019-20. This is linked to their attendance during the period. The payment would be made before October 22 and it would have a financial implication of Rs 1,600 crore on the company. Around 2.62 lakh employees of CIL and its eight subsidiary companies, who were on the company’s roll in 2019-20, will stand to gain the PLR.
Despite the pandemic and subsequent slowdown in coal sales, CIL offered a 5.8% rise over the earlier year’s PLR of Rs 64,700 per employee, the absolute increase being Rs 3,800. The non-executive employees who have completed at least 30 working days during 2019-20 will be eligible for the payment on a pro-rata basis.
The pact was amicably sealed in the 10th meeting of the Standardization Committee of the Joint Bi-partite Committee of Coal Industry (JBCCI-X) held in Ranchi on Thursday between the CIL management and representatives of the Central trade unions.
R P Srivastava, director (personnel & industrial relations) and Sanjiv Soni, director (finance) represented CIL in the negotiations. Northern Coalfields CMD and directors (personnel) of subsidiary companies were other members who made up the team.
