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
- Banks Move Toward Common Framework for Project Finance Lending
- Tata’s Boardroom Battle: Why Ratan Tata’s Death Changed the Equation
- Why Is Apple Making iPhone 18 Pro in India and Flying It to America? The Bigger Strategy Behind ‘Made in India’
- Foreign Investors Withdraw Nearly Rs. 3,000 Crore From Indian Equities
- Crude Oil Crosses $100, Raising Pressure on India's Economy


