Coal India Bonus Update: This time employees can get more than one lakh festival bonus?
Coal India Bonus Buzz: Diwali Delight on the Horizon?
A Festive Bonus Bonanza? Coal India Employees Await Decision-The air in Korba is thick with anticipation! Coal India employees are eagerly awaiting news of their annual bonus, traditionally announced before Durga Puja and Dussehra. This year’s decision is expected from a meeting between management and labor union representatives in Delhi on September 23rd. With the company reporting profits, hopes are high for a bonus exceeding last year’s amount.
Bonus Breakdown: Past Performance and Future Expectations-Coal India’s bonus system, known as the Performance Linked Reward (PLR), directly reflects employee performance and company profits. Last year, employees received a bonus of ₹93,700. This amount has steadily increased in recent years. Given the company’s current financial success, many employees are optimistic about receiving a bonus exceeding ₹100,000 this year. The festive season will definitely be more cheerful with a hefty bonus!
A Windfall for Over 220,000 Employees-The excitement isn’t confined to Korba. Over 220,000 employees across Coal India and its subsidiaries—SECL, BCCL, CCL, WCL, MCL, NCL, NEC, and CMPDI—are keenly awaiting the announcement. The potential for a larger bonus is fueling excitement and anticipation, especially as the festive season approaches. All eyes are now on that September 23rd meeting!
