Source: AL.com
March 18, 2021
The United Mine Workers of America says its negotiations with Warrior Met Coal are continuing as the current collective bargaining agreement expires April 1.
The UMWA represents more than 1,100 workers at Warrior Met’s No. 4 Mine, No. 5 Mine processing plant, No. 7 Mine and the company’s Central Shop, all located near Brookwood. The miners are members of UMWA Local Unions 2245, 2397, 2368 and 2427.
The union said the current agreement was negotiated as Warrior Met emerged from the bankruptcy proceedings of the former Walter Energy, which declared bankruptcy in 2016.
“We are working to reach a fair and equitable agreement that recognizes the hard work and significant sacrifices our members at Warrior Met made to save this company and these jobs,” UMWA International President Cecil E. Roberts said. “Because of their productivity, these professional, experienced miners have brought the company out of bankruptcy and made Warrior Met the successful company it is today.”
In 2020, Warrior Met Coal reported a net loss of $35.8 million and an adjusted net loss of $34.8 million. Warrior CEO Walt Scheller said last month that the company, despite the impact of COVID-19 on coal demand and pricing worldwide, was cash flow positive in the fourth quarter and nearly breakeven for the year.
Written by: William Thornton | wthornton@al.com
