financetom
Business
financetom
/
Business
/
CIL trade unions serve one-day strike notice
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CIL trade unions serve one-day strike notice
Aug 4, 2020 1:20 PM

Five trade unions of Coal India have served notice for a one-day strike on August 18, the state-owned company said on Tuesday, adding that efforts will be made to avert the stir.

"Five trade unions of CIL... served notice of one-day strike in CIL and its subsidiaries on August 18, 2020...," the public sector undertaking (PSU) said in a filing to BSE. Efforts would be made to avert the strike, it added.

Coal India (CIL) worker unions affiliated to five central trade unions have decided to go on strike against the proposed divestment or buyback of shares of the PSU, a union leader had earlier said.

The unions are protesting against commercial mining and also demand the withdrawal of "disinvestment or buyback of shares by Coal India immediately", the president of Hind Mazdoor Sabha (HMS)-affiliated Hind Khadan Mazdoor Federation had said.

The unions had observed a three-day strike from July 2 to protest against commercial mining of coal.

CIL had earlier said it managed to clock an average daily production of 44 per cent and average attendance of nearly 36 per cent during the three-day strike called by worker unions last month.

Coal India accounts for over 80 per cent of domestic coal output.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved