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.
More than a thousand United Mine Workers of America members were back in St. Louis on Monday, the latest in a series of protests against Peabody Energy and its handling of their retirement and health care benefits.