KOLKATA, Sept 18 Officials at Coal India Ltd
, the world's largest coal miner, will meet leaders of
its five trade unions on Sept. 20 to try and avert a three-day
workers strike from Sept. 23, a company director said on
The trade unions had earlier served a strike notice to the
state-run miner, mainly to protest against the government's plan
to divest five percent of the company's equity. India has
selected seven banks to manage the stake sale that could raise
$1.2 billion, drawing a vow from unions to step up opposition.
"There is another round of meeting on Friday. We hope to
clinch the deal. Most probably the strike will not take place,"
Personnel & Industrial Relations Director R Mohan Das told
reporters after the miner's annual shareholder meeting in
Coal India, which accounts for about 80 percent of India's
coal output, has missed its production target so far this year,
which could squeeze supply in the energy-hungry economy and
necessitate costly imports.
Earlier, a coal ministry source had told Reuters some
solution would be worked out with the unions to avert the
strike. The company had last held talks with the unions on Sept.
(Writing by Prashant Mehra; Editing by Anupama Dwivedi)