Companies like this are a major part of the reason why unions were invented.
Good luck with the 401ks. They may be just a piece of paper.
In bankruptcy court, workers are near the top just below administrative costs. They will almost certainly get paid.
“We cannot even touch his 401(k) to withdraw money to survive on without the signature of the Blackjewel mining CEO or his personnel.”
I believe this to be patently false. Unless it isn’t really a 401k. Otherwise the company has no ability to use those funds as they are FBO the account owner.
I have been in the same position.
Employees who are owed money stand in the front of the bankruptcy line and usually get paid eventually.
Don’t look to be bailed out any time soon though.
It is a shock, it sucks, I know from experience.
Lawyers probably driving out to that town if the 401k is screwy like that.
If you can’t stand in front of it and guard it with a gun, it was never really “yours” to begin with.
Your paycheck drawn on a commercial paytoll acvount isnt secure.
Bank goes, the check is worthless.
Your bank account is simply a debt owed by the bank. Its NOT your money.
That paper in your wallet?
Only worth what someone else will give you for it.
Try not paying your property taxes, or fight a KELO taking. You’ll see what’s yours.
NEVER put your life and the well being of your family in someone elses’s hands.
Nice going Obama..you schwantzlutscher.
When you are laid off, unemployment kicks in pretty quick. It’s not a like a full paycheck, but it’s there, and so is healthcare. What’s the point to this article, other than damning Trump for it?
I guess Obama and Bloomberg are high-fiving tonight.
Any affiliation to the recently dead in helicopter crash coal magnate?