MORGANTOWN — Murray Energy has emerged from its bankruptcy proceedings begun last October, according to a Wednesday release from the United Mine Workers of America.
“After nearly a year, the Murray Energy bankruptcy proceedings are finally over with the closing of the transaction shifting all the company’s assets to American Consolidated Natural Resources,” UMWA President Cecil Roberts said. “As per the agreement ACNR signed and that was ratified by the UMWA membership in May, all active UMWA members who formerly worked for Murray Energy have been hired by the new company and are working.
“As spelled out in the agreement, today [Wednesday] becomes the effective date of the new collective bargaining agreement between the UMWA, ACNR and its subsidiary companies,” he said.
The Dominion Post reported in April that the ratified agreement meant all members currently working at Murray Energy would be employed by the new company with no loss of seniority or job classification.
“I commend the officers and membership of our Local Unions at ACNR operations for their perseverance and patience through this proceeding,” Roberts said. “It has not been an easy time for them, especially during this coronavirus pandemic. There is much to be concerned about for those of us associated with and working in the coal industry during these troubling times, but it is good that this process has finally been completed and our members can put the uncertainty of the bankruptcy behind them.”
No additional information was available from Murray or the new company.
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