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cstanleytech

(28,331 posts)

8. Update link to the story here

Reply to Teamster Jeff (Original post)

Wed May 29, 2013, 05:52 PM

May 2013

http://www.reuters.com/article/2013/05/29/patriotcoal-unions-ruling-idUSL2N0EA22M20130529

"Patriot's current proposal would cease pension contributions and convert healthcare to a voluntary employees' beneficiary association, or VEBA, funded by $15 million in up-front cash and $300 million in profit-sharing contributions. The union would receive a 35 percent equity stake in post-bankruptcy Patriot, which it could sell to help fund the VEBA. The company's proposal would also reduce wages and decrease paid time-off."

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Highlight:

Bankrupt Patriot Coal can reject collective bargaining - court rules [View all] Teamster Jeff May 2013 OP

That's why these companies file bankruptcy KamaAina May 2013 #1

fuck the unions and fuck the pensions. hobbit709 May 2013 #3

Best judges money can buy. Sell out complete. mountain grammy May 2013 #2

'Patriot' Coal. How appropriate. denverbill May 2013 #4

Coal company owners are the nicest sulphurdunn May 2013 #5

I hate to generalize, but, you are correct. denverbill May 2013 #17

In 2007 Peabody spun off Teamster Jeff May 2013 #6

Go After the CEO and Board Members erpowers May 2013 #7

Update link to the story here cstanleytech May 2013 #8

U.S. Senator Joe Manchin (D-W.Va.) issues statement Teamster Jeff May 2013 #9

I wonder if the workers could sue Peabody for cstanleytech May 2013 #13

Manchin mtasselin May 2013 #10

Manchin is that coal whore who shot up the "cap and trade" bill in his campaign commericals Kolesar May 2013 #16

And yet the miners will still vote Republican OldRedneck May 2013 #11

Patriot Coal Bankruptcy Ruling Wrong, Unfair, UMWA Says Omaha Steve May 2013 #12

Just like the airlines. DemoTex May 2013 #14

Everyone Will Notice Wolf Frankula May 2013 #15