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Showing blog posts tagged with Arch Coal

Follow Live Blog of the 'Fairness at Patriot' Rally

Mine Workers (UMWA) members are rallying in St. Louis today to stand up to Patriot Coal's plan to shed promised health care benefits for tens of thousands of retirees and their dependents. As previously reported, UMWA says Patriot Coal was created to fail so Peabody Energy and Arch Coal—the companies that most of the retirees actually had worked for—could get rid of their obligations to former workers. Fairness at Patriot Now will be live-blogging the rally and will march to Peabody headquarters.

You also can follow the AFL-CIO's Cathy Sherwin on Twitter to get live updates. 

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Was Patriot Coal Designed to Fail to Dump Retiree Pensions?

In July, Patriot Coal filed for Chapter 11 bankruptcy in the Southern District of New York. Among the reasons for Patriot’s financial difficulties were the huge legacy costs related to health care benefits and pensions owed to retirees and widows of former employees. The company's intended goal, it seems, according to the Mine Workers (UMWA), is to get out of obligations to the miners that worked hard for decades, often doing significant damage to their own health.

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