Coal workers plan strike in June over merger of provident fund schemes

Unions say merger will pare pensions by a third, serve notice to Coal India, Coal Secretary

Avishek Rakshit  |  Kolkata 

The five central trade unions at state owned Coal India and Singareni Collieries Company (SCCL) have decided to proceed on a three-day strike from June 19-21 primarily protesting the proposed merger of the Coal Mines Provident Fund (CMPF) with Employees Provident Fund (EPF) and the delay in revising wages of around 500,000 coal workers. The trade unions have already served the notice to Coal India, SCCL and the Coal Secretary. According to trade union leaders, the proposed merger of the CMPF with EPF will result in the pension of workers reducing to a third of the existing ...

TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH

Key stories on business-standard.com are available to premium subscribers only.

LOGIN

EMAIL / USER NAME
PASSWORD
REMEMBER ME Forgot password?

Not a member yet ? Resister Now

Connect using any below

  • Don't lose the opportunity of saving $26.77 per month
  • Don't lose the opportunity of saving $26.77 per month
Total Amount
Rs. 0.00
To proceed, kindly select a subscription package

WHAT YOU GET

On Business Standard Digital

  • Access your subscription from anywhere. Be it your computer, tablet or smartphone using a browser or the App, Your Choice.
  • Access to exclusive content, features, opinions and comment, hand-picked by our editors, just for you.
  • Pick your 5 favourite companies. Get all the news upates at the end of each day through E-Mail.
  • Pick the industry that you want to track. And get a daily news letter specific to that industry. Cut out the clutter.
  • And stay on top of your investments. Track stock prices in your portfolio
  • Access 18 years of archival data

On Digital

  • Seamless access to WSJ.com with your Business Standard digital account.
  • Experience the best of the Journal's reporting, video and interactive features.
  • Read about the people and events shaping business, finance, technology, politics, technology and culture.
  • Stay informed with newsletters - an easy way to get WSJ content straight to your inbox - making life easier on your busiest days.
  • More business executives read the Journal globally than any other publication.
*Note :
Our Partners are proud to be associated with this initiative and will contribute Rs 100 x 6 months thereafter, standard rate of Rs 149 will be charged.
Offer valid for Indian residents only
Requires you to share personal information like PAN, Date of Birth, and Income.
*Annual saving on WSJ subscription price of US$ 347.88 (12 months @ US$ 28.99 per month)
* 1US$ = 67.50 INR.
*Please note that this offer is not valid if you are/were a registered/existing user on WSJ Digital

Coal workers plan strike in June over merger of provident fund schemes

Unions say merger will pare pensions by a third, serve notice to Coal India, Coal Secretary

The five central trade unions at state owned Coal India and Singareni Collieries Company (SCCL) have decided to proceed on a 3-day strike from June 19-21 primarily protesting the proposed merger of the Coal Mines Provident Fund (CMPF) with Employees Provident Fund (EPF) and the delay in revising wages of around five lakh coal workers.The trade unions have already served the notice to Coal India, SCCL and the Coal Secretary.According to trade union leaders, the proposed merger of the CMPF with EPF will result in the pension of workers reducing three times than the existing one.As per D. D. Ramanandan, general secretary of CPI-M supported All India Coal Workers Federation, the minimum pension for a worker will be reduced to Rs. 7,500 per month from the existing minimum pension of Rs. 20,000 a month."The Centre is devising ways to curb down the legitimate pay of the workers and control the outgo from its coffers by depriving the workers of their legal benefits", he said.Trade union ... The five central trade unions at state owned Coal India and Singareni Collieries Company (SCCL) have decided to proceed on a three-day strike from June 19-21 primarily protesting the proposed merger of the Coal Mines Provident Fund (CMPF) with Employees Provident Fund (EPF) and the delay in revising wages of around 500,000 coal workers. The trade unions have already served the notice to Coal India, SCCL and the Coal Secretary. According to trade union leaders, the proposed merger of the CMPF with EPF will result in the pension of workers reducing to a third of the existing ... image
Business Standard
177 22