PSU miner Coal India (CIL) has declared a performance- linked reward (PLR) of Rs 68,500 per employee to all non-executive staff members for FY20 on the basis of their attendance during the period. The payment would be made before October 22, a CIL statement said.
The estimated outgo of the company will be a little over Rs 1,700 crore to pay the 2.62 lakh employees of CIL and its eight subsidiary companies. Despite the pandemic-triggered slowdown and crimp in coal sales, CIL offered a 5.87% rise over FY19’s PLR of Rs. 64,700 per employee, an increase by Rs 3,800. The non-executive employees who have completed at least 30 working days during FY20 will be eligible for the payment on a pro-rata basis.
An agreement was reached towards this decision at the 10th meeting of the standarisation committee of the joint bi-partite committee of coal industry (JBCCI-X) held in Ranchi on Thursday between CIL’s management and representatives of the central trade unions.
