Tuesday, March 16, 2004
Yahoo! News - Weirton Retiree Benefits to End April 1: "A federal bankruptcy judge reluctantly ordered the termination of health care coverage for at least 9,000 retirees and their dependents at month's end. Continued payments of $3 million a month could force the steel maker into liquidation.
Weirton Steel filed for Chapter 11 protection last year, slashed its work force nearly in half but has continued to pay full benefits to retirees for almost 10 months.
Many retirees have complained they accepted lower wages when they worked at the mill in exchange for free, lifelong health care. "
Weirton Steel filed for Chapter 11 protection last year, slashed its work force nearly in half but has continued to pay full benefits to retirees for almost 10 months.
Many retirees have complained they accepted lower wages when they worked at the mill in exchange for free, lifelong health care. "
