The Warrior Met Coal Difference
At Warrior Met Coal, our business strategy has always been to operate as if the next market downturn was just around the corner. This approach enabled us to remain in continuous operation, while creating new jobs and providing pay increases, over the past five years. Unlike other U.S. mining companies, we have not idled our operations and laid off workers during downturns in the metallurgical coal market.
This is important, because prices for metallurgical coal fluctuate dramatically and have swung up and down by hundreds of dollars, even over the past year.
Warrior Met Coal produces only metallurgical coal for the global steel industry from two mines located in Alabama. This makes us unique when compared to other U.S. mining companies with multiple operations and products based in various geographic locations.
Other mining companies with multiple locations pick and choose which operations to continue running and which ones to shut down during market downturns, often putting their employees at idle locations out of work for months.
Warrior Met Coal’s priorities have always been keeping people employed and working safely with long-lasting careers and ensuring the Company remains financially stable in a particularly volatile coal market.
Our goals during the negotiation process remain unchanged – to provide employees with a competitive compensation package, while protecting jobs and the long-term viability of the Company in a highly volatile market.
While we are disappointed that the union continues with the strike, we continue to negotiate in good faith to reach a resolution.
Represented employees should speak with the union regarding any comments or questions.