{enrolled|registered} in Medicare and to 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 {go into|enter into} {effect|impact|result} 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. Most-read stories in this {section|area} In Wyoming,
30 November 2020
the coal operator owns the North Antelope Rochelle, Rawhide and Caballo mines in the Powder River Basin. Peabody {declined|decreased} to {disclose|reveal|divulge} {how many|the number of} {workers|employees} would be {affected|impacted} by
the policy {change|modification}. Non-represented {employees|workers|staff members}, {retirees|retired people|senior citizens} and {workers|employees} in other states in
“We {regret|are sorry for} not {being able to|having the ability to} {maintain|preserve|keep} our existing {retiree|retired person|senior citizen} {health care|healthcare} program; {however|nevertheless}, we are continuing to {offer|provide|use} some {financial support|financial backing} for
pre-65 {retirees|retired people|senior citizens},” Peabody Vice President of Communications Julie Gates {said|stated} in {a statement|a declaration}
.”The {change|modification} in {financial support|financial backing} is {designed|developed|created} to {maintain|preserve|keep} Peabody’s {retiree|retired person|senior citizen} medical {subsidy|aid} where it is {needed|required} most– for {retirees|retired people|senior citizens}
and {spouses|partners} 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}.} 0 {comments|remarks} Daily updates on {the latest|the most recent|the current} news in the St. Louis {business|company|service|organization} {community|neighborhood}. Source: stltoday.com