CIL may hike salaries of executives in 2 months


CIL may hike salaries of executives in 2 months

Coal India CIL) is likely to hike the salaries of executives in the next two months, a move that will result in an additional annual outgo of Rs 1,000 crore, its chief Gopal Singh said today.

“That (the salary hike of the executives) is due. It is almost at the final stage. I think that should happen within next two months,” Singh told PTI in an interview.

The pay revision of the executives is due since January 1, 2017.

Around 23,000 executives would benefit from the move, that would have an impact of around Rs 1,000 crore per year on the company, Singh, who is the Chairman and Managing Director, said. Read More…

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