National News | Closings | Funerals | HighScore | Monday's Most Wanted | Crime Watch | TV Listings | Lottery | Bio's | FCC File | More ›
   
 
 
 
Bankrupt Coal Company Imposes Cuts Amid Bargaining
Written by Your 5News Team
Last updated on July 02, 2013 @ 6:25PM
Created on July 02, 2013 @ 3:35PM
 
ST. LOUIS (AP) - A bankrupt coal producer says it has imposed wage and benefit cuts affecting thousands of its workers, but that the pullbacks are less severe than those authorized by a judge.
 
But St. Louis-based Patriot Coal Corp. added Tuesday that it will keep retiree health care benefits unchanged for the next two months.
 
Patriot didn't detail the cuts it has adopted, more than a month after a bankruptcy judge empowered Patriot to abandon its collective-bargaining agreements.
 
Patriot says its continued bargaining with the United Mine Workers of America union has produced "substantial progress."
 
A spokesman for the union isn't talking publicly about Patriot's cuts imposed Monday, saying only that the union is still meeting with the company to make further improvements over the bankruptcy court's order.

Share
Add your Comment
You must have an active WDTV.COM user account to post comments. Please login to your account, or create your free account today!

Comments (0)
WDTV on Facebook
WDTV on Twitter
WDTV on YouTube
Contact WDTV
WDTV RSS Feeds
WDTV SMS
WDTV Mobile App