Coal India officers go on strike
Coal India has said that its officers will embark on a three-day strike from Thursday to demand a settlement of pay related issues. The strike could affect output and tighten domestic supplies.
The state-owned mining company accounts for approximately 80% of India’s output, and often falls short of output targets due to employee strikes and delays in getting mine expansion approvals, Reuters reports.
Strike notice
"Coal Mines officers' Association of India has served a strike notice […] against non-finalization of performance related pay, new pension scheme and other demands," the company said in a statement to the Bombay Stock Exchange.
Although Coal India's production reaches its highest output in March, not all production will be affected, as only 19 000 of the total 349 000 employees are of officer rank, two company officials said.
Mining halt
"There will of course be some amount of dent but we do not expect it to be a total halt of mining across the company," explained one official.
In the eleven months to February, Coal India produced 409.13 million t, or 95% of its target for the period.
Edited from various sources by Katie Woodward
Read the article online at: https://www.worldcoal.com/mining/12032014/coal_india_employees_strike_608/
You might also like
Stanmore Resources to acquire remaining interest in Eagle Downs
Stanmore Resources has acquired Aquila’s interest in the Eagle Downs metallurgical coal project, as well as the Eagle Downs South metallurgical coal tenements and associated assets.
