Read more about Coal India s $5 billion annual wage bill set to rise amid rocky outlook on Business Standard. The state-owned company is expected to begin talks this month that could result in paychecks climbing 20% or more.
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(Bloomberg) Coal India Ltd., the world’s biggest miner of the fossil fuel, is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt.
The Indian coal giant is expected to begin talks this month that could result in paychecks climbing 20% or more, bloating its more than $5 billion annual wage bill. The Kolkata-based company revises salaries of non-executive staff every five years, and the next change is due starting in July.
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The world’s biggest coal miner is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt.