CASPER, Wyo. (AP)– Wyoming’s leading coal {company|business} {plans|prepares} to {eliminate|get rid of|remove} {a health care|a healthcare} {benefit|advantage} program for retired miners as a cost-saving {measure|step|procedure}.
29 November 2020
Peabody Energy Corp. {announced|revealed} {plans|strategies} to {discontinue|cease|terminate|stop} {coverage|protection} of medical {expenses|costs|expenditures} for {workers|employees} {enrolled|registered} in Medicare and stop {providing|offering|supplying} life {insurance|insurance coverage} to {retirees|retired people|senior citizens}, The Casper Star-Tribune reported.
The {change|modification} is {expected|anticipated} to {take effect|work} Jan. 1.
Peabody {conducted|carried out|performed} {a financial|a monetary} {review|evaluation} {earlier|previously} this year that {determined|identified|figured out} covering the {cost|expense} of existing {retiree|retired person|senior citizen} medical {benefits|advantages} was “not sustainable.”
{Discontinuing|Ceasing|Terminating|Stopping} the {retiree|retired person|senior citizen} {health care|healthcare} program is {expected|anticipated} to {save|conserve} Peabody $174.5 million.
who are not yet age 65 and Medicare-eligible,”Gates {said|stated}. The {decision|choice} is {among|amongst} the {initiatives|efforts} Peabody undertook this year to {improve|enhance} {operating|running} {performance|efficiency} and {ensure|guarantee|make sure} a structure that {responds to|reacts to} market conditions, Gates {said|stated}.
{The {company|business} reported a 39%{revenue|income|profits|earnings} {decline|decrease} {between|in between} July and September {partly|partially} {because|since|due to the fact that} of lower production volumes and weaker exported coal {prices|costs|rates}.|{Because|Since|Due to the fact that} of lower production volumes and weaker exported coal {prices|costs|rates}, the {company|business} reported a 39%{revenue|income|profits|earnings} {decline|decrease} {between|in between} July and September {partly|partially}.} For copyright {information|info|details}, {check with|consult|talk to|contact}
the {distributor|supplier} of this {item|product}, Casper( Wyo.)Star-Tribune.
With a weekly newsletter {looking back|recalling} at {local|regional} history.
Source: stltoday.com
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