Performance Bonus For FY18 To Cost Coal India Rs 1,600 Crore


Performance Bonus For FY18 To Cost Coal India Rs 1,600 Crore

Coal India has to shell out Rs 1,500-1,600 crore towards performance linked bonuses for its 2.9 lakh employees, a top company official said Friday.

“The outgo will be between Rs 1,500-1,600 crore for us on account of performance bonus for non executive employees,” Coal India director (Personnel) R P Srivastava told PTI.

The Standardization Committee of JBCCI X has unanimously agreed to pay Rs 60,500 per employee on pro-rata basis to the Non-Executive Cadre Employees of Coal India and its subsidiaries as well as Singareni Coal Company Ltd. (SCCL) as Performance Linked Reward (PLR) for the financial year 2017-18.

The 10th Joint Bipartite Committee for the Coal Industry (JBCCI – X) comprises representatives from management and central employees’ unions. Read more

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