Patriot Coal, Miners Union Ink Deal To Soften Benefit Cuts

Law360, New York (August 12, 2013, 1:35 PM ET) -- The United Mine Workers of America announced Monday that it has reached a deal with bankrupt Patriot Coal Corp. that will improve wages and benefits for union workers over the steep cuts a judge had previously ordered.

Patriot in July said it was nearing an agreement with the union on a deal that would bring wage and benefits changes necessary to return the company to profitability and escape bankruptcy. The terms of the final deal will not be not disclosed until after a union vote, but...
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