New Delhi: Over five lakh non-executives of Coal India Ltd (CIL) have called off their three-day nationwide strike, scheduled to begin today, after the CIL management agreed on a five-year wage agreement with a 24% hike in salaries.
Five leading unions (INTUC, AITUC, BMS, HMS, and CITU) had given the strike call from 5-7 January,2008 to press for their wage revision demand.
However, with the CIL management and the unions entering into an memorendum of understanding (MoU) on the wage agreement in Hyderabad on 4 January, 2008, the strike has been called off.
“Coal India has agreed to most of the demands of the workers, following which the strike call given by five coal federations has been called off,” Indian National Mines Workers Federation President Rajendra Singh said.
“The wage agreement, for which the coal federations and the Navratna PSU have inked an MoU, is likely to be signed in the capital on 23-24 January,2008” he said.
According to the MoU, the wage agreement would be effective with retrospective effect from 1 July, 2006 and the employees would get arrears from the effective date.
Among the major highlights of the proposed wage agreement would be a 100% increase in dearness allowance, 12.5% (of basic salary) allowance for employees working in underground mines, and one additional increment for those who are to retire by the end of the wage agreement period in 2011.