Tag Archives: Coal India

we oppose private industry / business persons as CMD/CEO of PSUs.

02 Thursday Oct 2014

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It is reported in the press that the government is proposing to appoint CEO/CMD from private persons in Coal India Limited which is a PSU. This is strongly to be opposed. It seems that this is the first time that such a proposal is being mooted.

Public Sector has its own method of working, work culture, labour relations and most important of all, a commitment to the people and the nation. Private companies have none of these, except the target of maximising the profit. This will not suit the PSU culture. The present move is part of a greater plot of ruining the PSUs.

As such, we strongly oppose the proposal and demand that private CM/CEO should not be brought in PSUs.

50,000 toilets in schools will constructed by PSUs

01 Wednesday Oct 2014

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Coal India limited and ONGC together will be constructing about 5,000 toilets in the schools during the next few years. As per the reports, the expenses will be met from their social security funds.

Both UPA and NDA governments took action to disinvest, dismantle and privatise the PSUs. But it is the same PSUs which had helped the government in all crises. Whenever there is any financial difficulty, the government took the cash balance of the PSUs. How many times this process has been repeated? But at the same time, the attack on PSUs continues. All know that it was the PSU banks which helped the government to minimise the damage of the 2008 recession in India. The PSUs are the hens laying the golden eggs. Don’t kill them for immediate benefit.

COAL INDIA WORKERS TO STRIKE AGAINST DISINVESTMENT

07 Wednesday Aug 2013

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New Delhi/Kolkata, Aug 7:

The trade unions of Coal India on Wednesday decided to slap three-days strike notice opposing the Government’s proposal to divest shares in the public sector miner.

“All the unions have agreed to declare strike from September 19-21. The workers cannot be kept in vacuum,” Jivan Roy, General Secretary of All India Coal Workers Federation of India (AICWF) told Business Line.

Coal India workers are represented by five leading trade unions — INTUC, HMS, BMS, AICWF and AITUC. Other than INTUC, all the four unions have decided to go on strike. The INTUC workers are yet to make a final decision on participating in the strike. According to the unions, the stake sale would adversely impact its workers across 35 districts in the country.

The Union Coal Minister, Sriprakash Jaiswal, today said the Government is confident that the unions will agree to 5 per cent divestment proposal. Jaiswal was talking to media after a conference in Kolkata.

A single-day strike can cost the Maharatna miner loss of more than one million tonne of production.

There are nearly 3.5 lakhs permanent workers in Coal India, in addition to another 2 lakh contractual employees.

AICWF claims that the strike declared by it would mean 70-80 per cent of workers not working.

Last week, the Government failed to convince the workers of Coal India even after it offered to reduce disinvestment stake to 5 per cent from the earlier proposal of 10 per cent.

The Government is hoping to garner nearly Rs 20,000 crore by selling 10 per cent stake in Coal India. This is seen as one of the most important share sales to meet the Government’s divestment target of Rs 40,000 crore in the current fiscal.

In addition to opposing the share sale, the workers want coal mining to be given infrastructure status. Also, they want captive mines allocated to the private sector that have not been explored to be allocated to Coal India. (Courtesy: Business Line)

Congratulations to Coal Workers for stopping disinvestment

27 Monday May 2013

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The decision of the government to disinvest to  an additional 10% of shares Coal India Limited have been put in cold storage, according to media reports. The government has been compelled to step back from disinvestment on the strong protests of the employees unions. The proposal was to disinvest stake which will get about Rs. 20,000 crore.  The five national federations of the coal workers have jointly opposed the move. They have also pointed out  the assurance of President Pranab Mukherjee, when he was the Finance Minister, that there will be no additional disinvestment of Coal India. Coal India is the biggest PSU with about 3.57 lakh employees.

My Hearty Congratulations to Com. Jibon Roy, leader of All India Coal Workers Federations and other  Federations in Coal India for their success in thwarting the government’s disinvestment plan.