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Ex-CEO of bankrupt coal firm Alpha objects to plan to drop miner benefits

Nov 11- The founder and former chief executive officer of Alpha Natural Resources, among the largest U.S. coal companies, objected on Wednesday to Alpha's plan under bankruptcy to drop benefits for more than 4,500 miners, spouses and their dependants. Former Alpha CEO and Chairman Michael Quillen said eliminating retiree health benefits of thousands of...
Source: Reuters
Alpha seeks elimination of non-union retiree benefits

CHARLESTON, W.Va.— Coal operator Alpha Natural Resources is seeking to eliminate health and other non-pension benefits for more than 4,500 non-union retirees and their eligible spouses and dependents. The benefits are a financial burden that cost the company about $2.7 million in 2014 and represent a liability of about $125 million on its balance sheet,...
Source: The Associated Press | By: docsflspr