Coal co. bankruptcy could deprive retirees of medical benefits
A coal company’s bankruptcy filing will set the stage for “a harsh future” for thousands of retired coal miners, predicts United Mine Workers of America (UMWA) International President Cecil E. Roberts.
Walter Energy, Inc. filed court papers this week indicating that its post-bankruptcy plan to sell its assets is dependent upon nullifying collective bargaining agreements that cover more than 800 unionized workers as well as benefit plans for more than 3,000 union and non-union retirees.