Judge OKs Patriot Coal, miners' union deal - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Judge OKs Patriot Coal, miners' union deal

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  • Many WV coal counties losing revenue

    Many WV coal counties losing revenue

    Monday, August 8 2016 10:15 AM EDT2016-08-08 14:15:05 GMT

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

    As Appalachian coal production continues its drastic decline, West Virginia’s coal-producing counties are  not only losing people as lifelong residents are forced to flee their homes in order to find work, but in many cases, they’re also relinquishing millions of dollars from their budgets.

ST. LOUIS (AP) — Patriot Coal Corp. has a bankruptcy judge's go-ahead to enter into a new labor agreement with the nation's biggest miners' union, ending a long, acrimonious dispute.

U.S. Bankruptcy Judge Kathy Surratt-States on Tuesday granted St. Louis-based Patriot's request to put in place the collective bargaining deal ratified Friday by the United Mine Workers of America.

The settlement restores most wage cuts that Patriot had sought as part of its reorganization. Pension benefits for thousands of retirees are maintained, and active employees will continue earning pension credit.

Last week, about 1,800 union members approved the agreement with 85 percent approval. Patriot operates mines in West Virginia and Kentucky.

Patriot has said the agreement will save $130 million a year for the next four years.

 

Copyright 2013 The Associated Press

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