Coal India Could Lay Off 73,800 Miners By 2050
According to the latest report by the US-based think tank Global Energy Monitor (GEM), as India strives to achieve net zero emissions status by 2070, the country's largest coal miner, Coal India Ltd, will be the most affected corporation, with roughly 73,800 layoffs projected by 2050.
Aside from India, six Chinese enterprises are among the top ten prospective losers in coal mining jobs, including China Energy, Jinneng Group, Shandong Energy, China Coal, Shaanxi Coal, and Chemical Industry Group.
According to the think tank, expected layoffs in key coal-producing countries might occur in the 2030s and 2040s, as several coal mines in GEM's 'Global Coal Mine Tracker' are nearing the end of their operational lives in the next 25 years.
"China will see the lion's share of these potential layoffs, with more than 500,000 miners facing job losses over the next two decades." "In terms of potential layoffs during the same periods, India ranks second," the research states.
Because all three, including Coal India, Jinneng, and Shandong, are all large state-owned operations, the report recommends that governments must remain active in coal worker transition planning.
According to GEM's workforce data, the coal mining sector employs almost 2.7 million such people in 70 countries at 3,232 operating coal mines that produce more than 90 per cent of the world's coal.
India, the world's second largest coal producer, with a workforce that is around half that of China's Shanxi region. The country employs 3,37,400 miners at its active mines; however, studies show that the local mining sector employs four "informal" workers for every one direct employee.
