July 02, 2013
Patriot Coal Corp. said Tuesday that it has made “substantial progress” toward a deal with its miners’ union on a slate of benefit cuts and wage reductions, which it contends are necessary to return the company to profitability and escape bankruptcy.
June 19, 2013
Bankrupt Patriot Coal Corp. said Tuesday that it is in talks with two hedge fund bondholders about a reorganization plan that would provide hundreds of millions of dollars in financing through a rights offering.
June 12, 2013
The United Mine Workers of America on Wednesday said Patriot Coal Corp. "walked out" of labor and retirement contract negotiations, but the company quickly fired back, calling the union's accusations "inaccurate and distorted."
May 29, 2013
A Missouri bankruptcy judge on Wednesday cleared Patriot Coal Corp. to slash health care benefits for retirees and force other concessions from its miners' union, agreeing with the company that the cuts are necessary for its survival.