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The United Mine Workers says Patriot Coal (PCXCQ.OB) broke off negotiations on labor and retiree...

The United Mine Workers says Patriot Coal (PCXCQ.OB) broke off negotiations on labor and retiree contracts, leaving open the possibility of a strike. Union officials say concessions approved by a bankruptcy judge last month require too great a sacrifice from their members, and members will be asked to vote on the new terms later this month.
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  • samdehne
    , contributor
    Comments (135) | Send Message
     
    Okay. Blame it on the unions. While
    the bosses sit in their cushy offices
    collecting their bloated and mostly
    undeserved salaries.. the workers
    sweat themselves to the bones doing the
    dangerous work to mine the fuel
    that America needs to survive.

     

    And whenever the bosses can't do the
    fair and reasonable thing... they simply
    break the contract rules by "taking advantage"
    of filing bankruptcy; one of the most diabolical
    schemes that has ever been perpetrated
    on the hard workers of America.
    It's become the workers against insane
    bankruptcy "rules".
    "Take what we slam at you.. or we liquidate."
    And there will be plenty of golden
    parachutes for the bosses.
    It just about always works that way.
    PS
    Whatever goes down.. there is simply
    no excuse for courts and hqtrs to
    try to cancel the PCX stock that was
    paid for with hard earned money.
    They should not be allowed to issue
    new stock. The current stock is just
    fine and will rise into the dollars post BK.
    13 Jun 2013, 11:00 AM Reply Like
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