Five-day coal strike begins today

The unions have gone on strike to protest against 'disinvestment and restructuring of state-run Coal India'

Press Trust of India Kolkata/New Delhi
Last Updated : Jan 06 2015 | 1:49 PM IST
Trade unions today began a five-day coal industry strike, terming it as the biggest industrial action for any sector since 1977.

The unions have gone on strike to protest against 'disinvestment and restructuring of state-run Coal India' and to press for their other demands including the roll-back of what they call as 'process of denationalising of coal sector'.

While All India Coal Workers Federation leader Jibon Roy said in a statement that about seven lakh workers are joining the strike, the government has also called a meeting today with representatives of major trade unions - BMS, INTUC, AITUC, CITU and HMS -- to sort out the issue.

The strike can affect coal production of up to 1.5 million tonnes a day and may also hit supplies to power plants which are already grappling with fuel shortages.

"We are hopeful the situation would be resolved in an amicable manner. The precise impact of the strike would be known later and it would be premature to predict (the impact) at this juncture," Coal India's newly appointed chairman Sutirtha Bhattacharya told PTI.

"It is true that production picks up tempo in the last quarter, as the closure of fiscal draws near. It is unfortunate that the unions have called the strike. We have appealed to them to withdraw the strike in national interest and even now our efforts are on to persuade them to refrain from going into strike," he said.

The trade unions have boycotted earlier meeting called by the government twice.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 06 2015 | 11:24 AM IST

Next Story