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marayatano

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marayatano

Re: None

Wednesday, 06/19/2013 10:08:38 PM

Wednesday, June 19, 2013 10:08:38 PM

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http://www.jdsupra.com/legalnews/bill-on-bankruptcy-lawyers-must-disclos-56121/

Patriot Coal starts at 2:50 minutes (or you start from the beginning).

If the Union is smart, they will NOT want to end up like Hostess who was forced into liquidation by a Union strike.

Pretty interesting timing in that Hedge funds may provide exit financing and Patriot won approval for bonuses to be paid retention/performance bonuses to KEY EMPLOYEES (no longer needing the over priced Union workers who are a dime a dozen).

If the Union strikes, I am sure the hedge funds will get Patriot Coal on the cheap and hire more NON-Union workers (just like they did in Hostess).


imo

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