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Despite Indian Prime Minister Narendra Modi’s best efforts, trade unions that represent most workers at Coal India (NSE:COALINDIA) are still planning to go on an indefinite strike, according to the Economic Times. The unions oppose a government decision that might open up the sector to commercial mining. Currently, the behemoth state run Coal India is the only entity allowed to sell coal on the open market in that country.
Despite Indian Prime Minister Narendra Modi’s best efforts, trade unions that represent most workers at Coal India (NSE:COALINDIA) are still planning to go on an indefinite strike, according to the Economic Times. The unions oppose a government decision that might open up the sector to commercial mining. Currently, the behemoth state run Coal India is the only entity allowed to sell coal on the open market in that country.
As quoted in the publication:
The unions have requested the coal ministry for a meeting — preferably in a day or two — before the Coal Mines (Special Provisions) Ordinance is placed before the Parliament. “If not, we will do whatever we can to reverse the government’s decision. We have already requested a meeting either with the coal minister or the secretary, and if it’s not scheduled in a day or two, we will decide on our next course of action which could involve indefinite strikes,” said SQ Zama, secretary general of Indian National Mineworkers’ Federation.