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Fri Jan 14, 2022, 07:06 AM

Sanders, Warren and Baldwin urge BlackRock CEO Larry Fink to intervene in strike at coal company

JAN 14 2022

Excerpt:

Sens. Bernie Sanders, Elizabeth Warren and Tammy Baldwin pressed BlackRock CEO Larry Fink to use his firm’s sizable financial stake in Warrior Met Coal to compel the company’s management to broker a deal with its striking coal miners.

The trio said the miners employed by the Alabama-based coal company are striking to win better pay and benefits from a job that requires them to work in “extremely dangerous” conditions.

“As we hope you understand, the mines in Alabama run 24 hours per day. Workers can face termination for missing more than four days of work,” Sanders, Warren and Baldwin wrote in a letter dated Thursday that was obtained by CNBC. “Given BlackRock’s stake in the company and your position within BlackRock, we are asking you to do the right thing.”

“Mr. Fink: Our request to you is simple,” Sanders, Warren and Baldwin added. “BlackRock’s Board must publicly demand that Warrior Met negotiate in good faith and agree to a reasonable contract that treats workers with dignity and respect.”

The timing of the letter appeared intentional and designed for maximum impact given that BlackRock is scheduled to publish its quarterly earnings report later Friday morning. A representative for BlackRock did not immediately respond to CNBC’s request for comment.

https://www.cnbc.com/2022/01/14/bernie-sanders-elizabeth-warren-urge-blackrock-ceo-larry-fink-to-intervene-in-coal-strike.html

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Reply Sanders, Warren and Baldwin urge BlackRock CEO Larry Fink to intervene in strike at coal company (Original post)
Donkees Jan 14 OP
Donkees Jan 14 #1

Response to Donkees (Original post)

Fri Jan 14, 2022, 01:14 PM

1. ''Warrior Met has made a totally unsatisfactory offer''

Instead of providing the kind of wages and benefits that the workers need, Warrior Met has made a totally unsatisfactory offer. Mr. Fink must tell the company’s executives to sit down and negotiate a fair contract now.



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