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Coal Giant’s $5 Billion Wage Bill Set to Rise Amid Rocky Outlook

  • Raises of 20% seen as Coal India to start talks with unions
  • Big salary boost may force company to increase coal prices
Open Cast Mines In Jharia As India’s Coal  Import Demand Expected To Exceed China by 2016-17

Photographer: Sanjit Das/Bloomberg

Updated on

Coal India Ltd., the world’s biggest miner of the fossil fuel, is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt.

The Indian coal giant is expected to begin talks this month that could result in paychecks climbing 20% or more, bloating its more than $5 billion annual wage bill. The Kolkata-based company revises salaries of non-executive staff every five years, and the next change is due starting in July.