Court allows Patriot Coal to amend union agreements
May 30, 2013 | 11:02 AM
| Stacy Irish
NEW YORK Bankrupt coal producer Patriot Coal Corp. is allowed to make essential changes to its collective bargaining agreements with the United Mine Workers of America (UMWA) union, according to a ruling by the U.S. Bankruptcy Court in St. Louis.
These include benefits for certain UMWA-represented retirees, the company said.
"This ruling represents a major step forward for Patriot, allowing our company to achieve savings that are critical to our reorganization and the preservation of more than 4,000 jobs," president and chief executive officer Bennett Hatfield said in a statement May 29. ....
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