Tagged: Peabody Coal

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Patriot Coal
9:59 am
Tue April 16, 2013

Looking At The Effects Of Patriot Coal's Bankruptcy

Our Maria Altman had a story on NPR's Morning Edition this morning about the many effects of Patriot Coal's bankruptcy. In fact, the story continues, with another rally in St. Louis today.

To give you even more on this story, we present these photos - glimpses of the people affected by the actions of this large, St. Louis-based company. 

Patriot Coal
4:59 pm
Mon March 18, 2013

Union President Criticizes Bankrupt Patriot Coal For Seeking Executive Bonuses

Credit Chris McDaniel, St. Louis Public Radio.

On Monday, the top official with a national miners' union says bankrupt Patriot Coal's bid to cut retiree health care benefits, while seeking millions of dollars for executive bonuses, is immoral.

Patriot Coal spun off from St. Louis-based Peabody in 2007, taking with it an enormous amount of the larger company’s health care obligations. Now that Patriot has declared bankruptcy, the company is looking to cut health care coverage for retired miners.

At a press conference in St. Louis, United Mine Workers of America President Cecil Roberts said Patriot was designed to fail.

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