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The UMWA and Walter Energy announce agreement on new contract

date: 
December 9, 2011
For immediate release?: 
 

(BIRMINGHAM, ALABAMA) -- Officials with Jim Walter Resources, a subsidiary of Walter Energy, and the United Mine Workers of America signed a new 5 1/2 -year collective bargaining agreement today.  The contract covers a period starting July 1, 2011 through December 31, 2016 and includes wage and benefit increases.  The new contract will provide a stable workforce at Jim Walter Resources' three underground mines in Tuscaloosa and Fayette Counties.

"This agreement is substantially similar to the National Bituminous Coal Wage Agreement the UMWA has already agreed to with the Bituminous Coal Operators Association, Patriot Coal, Alpha Natural Resources and other coal operators," UMWA International President Cecil E. Roberts said.  "I am pleased that we were able to reach a reasonable agreement with the company that is fair for both sides, and I commend International District 20 Vice President Daryl Dewberry for all his hard work in getting this agreement with the company."

About Walter Energy

Walter Energy is the world's leading, publicly traded "pure play" metallurgical coal producer for the global steel industry.  The Company also produces steam coal and industrial coal, anthracite, metallurgical coke and coal bed methane gas.  The Company has strategic access to high-growth steel markets in Asia, South America and Europe.  Walter Energy had 2010 pro forma revenues of approximately $2.3 billion and employs approximately 4,400 employees and contractors with operations in the United States, Canada and United Kingdom.  For more information about Walter Energy, please visit the company website at www.walterenergy.com.

About the United Mine Workers of America

The UMWA represent 105,000 active and retired coal miners, coal preparation plant workers, clean coal technicians, manufacturing workers, health care workers and public service employees in the United States and Canada.  Headquartered in Triangle, Va., the UMWA represents more coal miners than any other union in the world.  Find out more about the UMWA at www.umwa.org.

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