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Coal India Ltd (CIL) is likely to transfer about 10,000 executives out of 18,000 executives to different subsidiaries or its headquarters next fiscal as it has adopted a policy that requires people to be relocated if they have been at the same place for 15 years, a senior company executive said.
Under the new policy, which aims to give an all-round experience to managers and prevent corruption, executives posted at Coal India’s headquarters in Kolkata will be transferred to one of its subsidiaries while those from subsidiaries may either be transferred to a different subsidiary or to the Coal India headquarters.
“Coal India has eight coal producing subsidiaries and one exploration arm. At present executives are being asked to provide three location preferences – at either the headquarters or any three subsidiaries. New posting would be based on overall manpower and skill-base requirement at each of the locations,” he said.
The company would wait for a few months to transfer the executives to avoid any disruption in the peak output period of November-March, he said. Executives would be informed of their transfer two to three months in advance. This would give them time to prepare for the move, the executive said.
This is part of a new transfer policy under which executives stationed for five years, 10 years and 15 year in one location would be transferred. Transfer for 15 years is being taken up first.
Transfers every fifth year will be interdepartmental for an executive working at subsidiary headquarters or at Coal India headquarters. An executive employed in the marketing and sales department may be transferred to the purchases department within the same headquarters. For executives working at mining projects, the transfer would be from one area to another within the same project.
After the tenth year the executive would be eligible for transfer to a new project in the same subsidiary. On completion of the fifteenth year the executive will be eligible to be transferred to a new subsidiary or to Coal India.
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