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RICHMOND, Va. (AP) -- A federal judge has ruled that a coal production company can break its contract with a union in order to reorganize its finances.
The Charleston Gazette-Mail reports (http://bit.ly/1Tb1se3) a judge granted the motion from Alpha Natural Resources on the United Mine Workers contract Monday.
The company filed a petition in March with the U.S. Bankruptcy Court in Richmond, asking to be able to modify the company's obligations for retiree health care benefits.
Alpha said it needed to cut costs in order to survive the ongoing decline in the coal industry.
Company lawyers said that the company spent about $53 million on health care benefits for union employees last year.
UMW President Cecil Roberts says the union is still trying to work out a deal with Alpha to resolve the issue.
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Alpha Natural Resources Inc.
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CODE : ANR |
ISIN : US02076X1028 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Alpha Natural Res. est une société de production minière basée aux Etats-Unis D'Amerique. Alpha Natural Res. est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 580,6 millions US$ (502,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 25 juillet 2008 à 99,92 US$, et son plus bas niveau récent le 19 février 2021 à 0,02 US$. Alpha Natural Res. possède 49 410 000 actions en circulation. |