Alpha Natural Resources seeks to retain miners
- May 2, 2008
In a bid to keep its coal miners, Alpha Natural Resources offered workers a slew of new benefits yesterday. The measures include 25 shares of company stock and cash bonuses for each of the Abingdon-based company’s 3,600 employees.
The new measures include giving each employee 25 shares of the company’s public stock. In addition, employees will not have to contribute to any premiums for health, dental and vision insurance.
The company also announced cash benefits for workers, including semi-annual bonuses for operating personnel and awards for mine rescuers and trainers.
The company noted in a statement that the average age of coal workers is 50, but increased demand for coal means an estimated 50,000 new miners will be needed around the world in the next 10 years.