- Patriot Coal (PCXCQ.OB) and the United Mine Workers of America have reached an agreement that will soften wage and benefit cuts that have been authorized by a bankruptcy judge.
- While details weren't released, the UMWA said the deal includes improvements to wages, healthcare, paid time off and pensions, with retiree healthcare benefits to continue.
- Patriot now needs the approval of the bankruptcy court to enter into the agreement, which will be the subject of a worker vote on Friday.
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