January 9, 2013

Stealing miners pensions

Patriot Coal was created by Peabody Energy in 2007 with the specific purpose of allowing Peabody Energy and Arch Coal to shed its long-term health care obligations to its retirees and their families. Saddled with too much debt and too little production to keep pace with its debt load, Patriot is seeking to reorganize under Chapter 11 bankruptcy.

The UMWA is fighting back every step of the way. The real culprits in this scheme, Peabody Energy and Arch Coal, have made hundreds of millions the last few years while Patriot has lost millions. We are working to make Peabody and Arch accept their share of the obligations to those who literally put their lives and their health on the line every day they go to work.
 
The "Fairness at Patriot" TV spot is running now in St. Louis, MO. Go to Fairness at Patriot to learn more.


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