Coal giant to cancel health care benefit plan for Wyoming retirees

[essentialsaltes]

The leading coal company operating in Wyoming will eliminate a health care benefit program for retired miners, the Star-Tribune confirmed on Wednesday. To save on costs, Peabody Energy will no longer cover medical expenses for workers on Medicare and will stop providing life insurance to retirees.

 

[MIDutch]

The leading coal company operating in Wyoming will eliminate a health care benefit program for retired miners, the Star-Tribune confirmed on Wednesday. To save on costs, Peabody Energy will no longer cover medical expenses for workers on Medicare and will stop providing life insurance to retirees.

I wonder if the company executives are taking any cost saving pay cuts?

 

[MIDutch]

Just in case anyone's interested:

PEABODY ENERGY CORP Executive Salaries & Other Compensation | Salary.com

 

[Hans Blaster]

I wonder if the company executives are taking any cost saving pay cuts?

I'm pretty sure that these kind of "cost savings" usually warrant an executive bonus.