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Coal Company Kicks 10,000 Workers Off Health Carel

Business  (tags: Coal Company, bankruptcy, 10, 000 workers lose healthcare )

- 1856 days ago -
In a corporate sleight-of-hand, the promises won with a lifetime of hard work and hard bargaining disappeared first into a holding company. Now, if the bankruptcy judge agrees, they will disappear into thin air.

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Roseann d (178)
Friday March 22, 2013, 5:55 pm
So, all the folks that think, "As long as I got mine"...screw everyone else...looks like if your company files for bankruptcy, you probably won't have yours after all.

Thank goodness for Obamacare, We should have Universal healthcare, Single-payer all the every other industrialized country that have much better healthcare than in the U.S. This private healthcare system and exploiting ill health for profit as a commodity on Wall Street is a SICK system. Everyone's healthcare needs should be covered.

Roger G (154)
Friday March 22, 2013, 6:01 pm
noted, thanks!

Sue Matheson (79)
Friday March 22, 2013, 6:20 pm

Juliana Saxberg (3)
Friday March 22, 2013, 7:02 pm

Judy C (97)
Saturday March 23, 2013, 2:37 am
This is so reprehensible. This company should not be able to walk away from this responsibility. I totally agree with your comment about universal healthcare. Thanks Roseann.

Lynn D (0)
Saturday March 23, 2013, 3:37 am

Past Member (0)
Saturday March 23, 2013, 4:03 am
Noted .Thanks .

Elizabeth V (0)
Saturday March 23, 2013, 4:07 am
Noted. Thank you.

Past Member (0)
Saturday March 23, 2013, 5:23 am
They deserve their basic right

Many Feathers (139)
Saturday March 23, 2013, 5:54 am
those AH's ought to go to jail...

Gloria picchetti (304)
Saturday March 23, 2013, 6:07 am
It doesn't matter if the earth, air, water, and people suffer as a result of coal mining to coal companies.

S S (0)
Saturday March 23, 2013, 6:46 am
Thank you.

. (0)
Saturday March 23, 2013, 10:12 am
I just hope these workers are well represented.

Candace H (4)
Saturday March 23, 2013, 12:29 pm

Joanne Dixon (38)
Saturday March 23, 2013, 12:34 pm
Unfortunately all those who think they have theirs will not realize what this means for them. They are missing a little thing called empathy. They'll rationalize that these workers deserved what they got.

David Johnson (13)
Saturday March 23, 2013, 2:39 pm
As I understand it, Peabody Energy spun off Patriot Coal. Then most legacy health care and retirement benefits were back loaded onto Patriot Caol. Peabody"s senior management is recorded as saying how proud they were at ridding themselves of their retiree obligations. With all these costs loaded onto Patriot Coal, and not nearly enough business to support itself, Patriot was doomed to fail. And so it has.
Now Peabody is running commericals touting their corporate "good" works. And another about how they "empower" and "encourage" their employees to further their education and "advance" themselves. I am NOT making this stuff up! There is a PR war being conducted by Peabody to counter the effects that he UMW publicity efforts outlining and exposing the dirty laundry of Peabody Energy and Partriot Coal.
Whether or not this effort by the UMW succeeds, is problematic, as Patriot is in bankruptcy, and Peabody keeps claiming it's not their problem.
Another FINE example of greed and malfeasance by a corporation.
Of course, Peabody took a page from Monsanto's playbook....Monsanto did the same damn thing when they spun Solutia off some years back. Solutia did go bankrupt but I am not sure what happened to the legacy health care and pension benefits of the retirees.
Both of these companies are headquarted in St.Louis, Mo. The fine state that gave us Todd Aiken, John Ashcroft and Roy Blunt....
SHAME on them.

tiffany t (142)
Saturday March 23, 2013, 2:40 pm
big corps are dirty all the way around, I do not understand how the workers cannot be protected even if the company does file

Michael M (5)
Saturday March 23, 2013, 3:21 pm
Corporate pigs.

Birgit W (160)
Saturday March 23, 2013, 3:25 pm

Lois Jordan (63)
Saturday March 23, 2013, 3:46 pm
Thanks for the info, Roseann.
David J.'s comment was excellent. In fact, you could replace "Monsanto & Solutia" and "Peabody & Patriot" with many, many other corps. in America that have done this and more that are doing it now....others who see dollar $ign$ in their eyes and plan to do it. This is what lack of regulations, lack of oversight & accountability to existing regulations, and de-regulation does to workers. My husband was an employee of a company that Corporate Raider Carl Icahn decided to buy....and dismantle until it was a shell of its former self, (while collecting millions), then sell. Those who'd worked long & hard for the company lost most everything, plus what they'd saved. Lawsuits continue. But, the corps. have huge funds to fight them and continue fighting until they get a judge willing to rule in favor of the corp. Nauseating!

Theodore Shayne (56)
Saturday March 23, 2013, 4:43 pm
Noted & posted

Christine Stewart (134)
Saturday March 23, 2013, 7:55 pm
Terrible. The CEO's will get a huge payout, and the coal miners who've risked their lives and health for years get the shaft (no pun intended.)

reft h (66)
Saturday March 23, 2013, 11:46 pm
workers get the shaft yet again....

Helen Porter (39)
Tuesday March 26, 2013, 3:12 am
Words have not been invented for such atrocities.
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