The management of Singareni Collieries Company Ltd (SCCL) is making arrangements to pay the 11th wage board arrears of ₹1,726 crore to its workers and employees within a month. On on average every worker is likely to get arrears of about ₹4 lakh.
As on March 31 this year, the worker strength of SCCL is 42,733 and a year back it was 43,672. According to the company officials, the company would be paying wage board arrears in such a huge quantum for the first time. The arrears would be credited into the bank accounts of workers in two phases.
The exercise to assess the worker-wise arrears was taken up on Friday by the personal, account and auditing, ERP, SAP, IT and other departments to ensure there was no discrepancy. The arrears would be paid to the workers in service first and later to those who retired after during the last five years.
Along with the enhanced salaries as per the 11th wage board recommendations the company would have to make payment of about ₹3,000 crore to its workers and employees this year including ₹1,200 crore as enhanced salaries and ₹1,726 crore arrears.
