Warrior Met Coal Remains Committed to Employees
March 31 2021 - 4:28PM
Business Wire
At Warrior Met Coal, we value and appreciate our employees’ hard
work. Simply put, we are only as good as our team. Our priorities
have always been keeping people employed with long-lasting careers
and ensuring Warrior Met Coal remains financially stable in a
particularly volatile coal market.
With our contract with the United Mine Workers of America (UMWA)
set to expire on April 1, 2021, we have been working in good faith
to reach an agreement.
Throughout negotiations, our sight has remained on the future
– to provide our employees with a competitive package while
protecting jobs and the longevity of the Company and its
workforce.
History has shown that we must remain vigilant in preparing for
the volatility of coal prices. Despite a declining market and
global pandemic last year, we are especially proud of the fact that
we remained open as an essential industry and were able to protect
the livelihood of our 1,400 employees.
We provide some of the highest paying jobs in Alabama and they
contribute immensely to our state’s economy. Metallurgical coal is
a vital component in steel manufacturing and is accountable for 50%
of the revenue generated by the Alabama State Port Authority. We
take this responsibility for our employees, neighbors and our
state’s economic growth very seriously.
We have and will continue to work with the UMWA to reach a
resolution. While we are disappointed that the UMWA has taken this
extreme step to declare a strike while we continue to negotiate in
good faith, we have continuity plans in place to continue meeting
the demands of our key customers.
We respect our employees’ contributions to Warrior Met Coal and
will not stop working to reach an agreement. The wellbeing of our
team is always at the forefront. We remain committed to achieving a
package that employees appreciate, that will protect the Company
and can provide a stable future.
About Warrior
Warrior is a U.S.-based, environmentally and socially minded
supplier to the global steel industry. It is dedicated entirely to
mining non-thermal met coal used as a critical component of steel
production by metal manufacturers in Europe, South America and
Asia. Warrior is a large-scale, low-cost producer and exporter of
premium met coal, also known as hard-coking coal (HCC), operating
highly efficient longwall operations in its underground mines based
in Alabama. The HCC that Warrior produces from the Blue Creek coal
seam contains very low sulfur, has strong coking properties and is
of a similar quality to coal referred to as the premium HCC
produced in Australia. The premium nature of Warrior’s HCC makes it
ideally suited as a base feed coal for steel makers and results in
price realizations near the Platts Index price. For more
information, please visit www.warriormetcoal.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210331006007/en/
For Media: D'Andre Wright, 205-554-6131
dandre.wright@warriormetcoal.com
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