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RSS Feeds`Our paychecks bounced`: workers face uncertainty after mines shut down
(WorldNews Business)

 
 

22 july 2019 08:40:32

 
`Our paychecks bounced`: workers face uncertainty after mines shut down
(WorldNews Business)
 




On 1 July, Missy Cole was notified by her bank that her husbandīs most recent paycheck had bounced, leaving their account more than $1,000 in the red. Her husband had worked as a coal miner for nearly three years at one of the eastern Kentucky mines operated by Revelation Energy affiliate Blackjewel mining. But both companies had filed for Chapter 11 bankruptcy, a financial move that has implications far beyond just laying off staff as the ex-workers now wait for the bankruptcy proceedings to play out. Critics say the move is a ploy increasingly used in the struggling industry to avoid paying workers what they are owed. `A layoff is always expected with miners. Itīs always in the back of...
 
12 viewsCategory: Business
 
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