SCCL employees to get a profit sharing bonus hike

The Singareni Collieries workers are to get 29% profit-sharing bonus, which is more than what was paid last year

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Telangana’s Chief Minister K Chandrashekhar Rao announced an increase in the profit-sharing bonus for the workers of the Singareni Collieries. The workers of the government-owned coal mining company will receive a profit-sharing bonus to the tune of 29 per cent, which is one per cent more than the bonus doled out last year.

The CM has also requested the SSCL chairman, N Sridhar, to distribute the bonuses before the Dusshera festival.

He has asked the officials of the Company to file a report on how pensions could be revised in the Company. This call was taken after the Social Welfare Minister Koppula Eshwar presented the case of the retired employees of Singareni, who are only getting Rs 2000 pension from the Central government. The CM highlighted that the state government is committed to the welfare of the Singareni workers and employees.

Highlighting the fact that the state government is committed to the welfare of the workers of Singareni, the CM also suggested that the retired employees of the Company be looked at as potential resources for the further expansion of the Company. He wanted Singareni to engage retired staff as is the practice followed in private companies.

Rao emphasised on the need for SCCL to expand its activities in the state, in the areas of sand, iron and limestone as well. He further instructed officials to develop an action plan regarding the same.

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