Video: ‘Final nail in the coffin’ for Kellingley Colliery as employee buy-out fails

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AN EMPLOYEE buy-out which could have kept one of Yorkshire’s last remaining deep pit coal mines open until 2020 has been shelved by the National Union of Mineworkers.

The union claims that UK Coal, which announced plans for an 18-month closure of Kellingley Colliery in North Yorkshire in April, with the loss of 700 jobs, made the buy-out “unviable” by saying it would have to take on the debts of its second deep-pit, Thoresby in Nottinghamshire.

Kellingley Colliery
Kellingley Colliery

But the company branded the union’s plan “woeful” and said they failed to take proper financial advice when putting together the buy-out proposal.

 

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