click link for updated story
snip
Patriot Coal Corp. must slash union wages and benefits by $150 million or be forced to sell itself off in pieces and 4,200 jobs will be lost, the company’s lawyer told the judge overseeing its
Patriot attorney Elliot Moskowitz said the company is in “dire financial condition” and has cut other expenses “to the bone.” Now it must have concessions from the union.
“Without the relief we are seeking, the company will run out of money and be forced to liquidate sometime early next year,” he said.
Lawyers for Patriot and the United Mine Workers of America each spent about an hour on opening arguments Monday in a daylong hearing on the company’s motion to reject its current union contract and make cuts to retiree health care benefits. The hearing will
--------note, I was there
post undercounts number of rally folks. Kiener plaza will comidate over 5k folks and it was full. court house demonstration might be 2k because many could not physically make the trip from Kiener plaza
No comments:
Post a Comment