Business News
Home > Business News
Coal India to cut manpower by 5% annually for next 5-10 years
TIWN
TIWN
PHOTO : TIWN
New Delhi, June 15 (TIWN) One of the largest employers in India, the state-run Coal India Ltd (CIL), plans to reduce its manpower by 5 per cent annually for the next 5-10 years as part of its cost control measures.
World's largest mining company Coal India Limited on Tuesday said that it will reduce 5% in manpower every year for the next 5-10 years to reduce costs. Currently, the mining company has 2,72,445 employees since FY20, CIL stated in the earnings call a day after declaring its March quarter results.
Add your Comment
Comments (0)
More Business News
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals