Update: Patriot Coal Returns to Negotiations with Miners and Retirees
Update: Earlier we reported Patriot Coal left the negotiation table with UMWA. A new report from BNA says Patriot Coal will return to the talks. The company denies it left the negotiations. UMWA told BNA: “We are glad this odd incident is behind us and that Patriot has changed its mind and is willing to return to the bargaining table.”
On Tuesday, negotiators from Patriot Coal walked out of talks with the Mine Workers (UMWA), leaving thousands of retirees in danger of losing their health care. The company also canceled talks scheduled through next week, UMWA reports via press release. UMWA President Cecil Roberts reported that the company and the union were only about $30 million to $35 million apart. Meanwhile, hundreds of high-paid executives at the company will be receiving about $25 million in bonuses.


