Coal India Ltd., the world’s biggest miner of the fossil fuel, is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt.
The Indian coal giant is expected to begin talks this month that could result in paychecks climbing 20% or more, bloating its more than $5 billion annual wage bill. The Kolkata-based company revises salaries of non-executive staff every five years, and the next change is due starting in July.
Talks come at an exceptional time for the coal sector. India, the third-biggest emitter of greenhouse gases, is under pressure to reduce its dependence on the fuel, which accounts for nearly 70% of electricity generation,
