Tuesday, March 16, 2010

Major Indian union opposes 15% sell-off of CIL

Akhil Bharatiya Khadan Majdoor Sangh, a major trade union in Coal India Limited, has strongly opposed the Indian Government's move to sell a 15% stake in the giant state-owned company. The union passed a proposal in this regard at its three-day triennial conference held at Talcher near Kolkata from March 10-13.

The conference, attended by ABKMS union leaders from eight coal producing states, also adopted proposals on coal and other economic matters, the Business Standard reported.

The union demanded the creation of power inventory after studying all the power resources by the expert committee. It expressed concern over squeezing of permanent jobs in coal sector and demanded an end to outsourcing in the sector.

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