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\u2019s roll in 2019-20, will stand to gain the PLR.
\nDespite the pandemic and subsequent slowdown in coal sales, CIL offered a 5.8% rise over the earlier year\u2019s 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.
\nThe 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.
\nR 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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\u2019s 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\u2019s […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[222,130,137],"tags":[],"class_list":["post-379017","post","type-post","status-publish","format-standard","hentry","category-coal-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=379017"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/379017\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=379017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=379017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=379017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}