Click for St. Louis, Missouri Forecast

// a href = ./ // St Louis News, Weather, Sports, The Big 550 AM, St Louis Traffic, Breaking News in St Louis

 
 
 

The United Mine Workers are unhappy with the decision of a bankruptcy court to side with Patriot Coal today. The ruling is the latest chapter in saga concerning benefits for retired miners. Patriot Coal is an independent company, but was created by spinning off part of Peabody Energy. Patriot argued they needed to cut retiree's benefits to stay in business. The Miners argued they had been promised benefits and should not have them taken away. The decision came on the last day the court could rule on the matter.

 

Published in Local News
Former miners, protesting Peabody Energy in downtown St. Louis, have been arrested.

KTRS's Michael Golde is on the scene and reports that the protesters' goal was to get arrested. They hope to draw attention to what they believe is a unfair deal concerning their pension and health benefits.

Peabody's Senior Vice President of Investor Relations and Corporate Communications Vic Svec, says this is a matter between Patriot coal and the United Mine Workers of America. Many of the former miners at the protest, worked for Patriot Coal. They argue that Peabody Energy made Patriot Coal a separate company that was never supposed to succeed. They accuse Peabody of "fraudulent conveyance,” or transfer of money with the intent to hurt creditors, but that charge must be proved to hold Peabody liable for potential losses in retirement benefits.

There were also miners arrested at another protest of Peabody last month. The protest remains peaceful and those miners arrested were very cordial with police, even shaking hands with the arresting officers.
Published in Local News

Latest News

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
Prev Next
Spending bill signed by Nixon includes $2M for Normandy School Dist.

Spending bill signed by Nixon includes $2M for Normandy…

   JEFFERSON CITY, Mo. (AP) - Missouri Governor Jay Nixon has signed a mid-year spending bill with funding for social services, education and a financially troubled St...

UPDATE: Missing So. County teen home safe

UPDATE: Missing So. County teen home safe

   A South County teen who had been the subject of an Endangered Person Advisory is home safe.      St. Louis County Police had issued the advisory ...

Railroad work delays drivers in Kirkwood

Railroad work delays drivers in Kirkwood

   Drivers on Kirkwood Road are used to waiting for the train, but that wait is a little longer today.      Union Pacific crews are making a critica...

GOP lawmakers introduce term limits bill

GOP lawmakers introduce term limits bill

   SPRINGFIELD, Ill. (AP) - Illinois Republican leaders have introduced a proposal that would force statewide officers to serve a two-term limit.    Sena...

Kane leads Blackhawks past Blues, 4-3 in OT

Kane leads Blackhawks past Blues, 4-3 in OT

   CHICAGO (AP) - Patrick Kane scored his second goal of the game at 11:17 of overtime, and the Chicago Blackhawks beat the St. Louis Blues 4-3 on Wednesday night to e...

SLFD battles two-alarm home fire

SLFD battles two-alarm home fire

   Fire fighters are working to keep a two-alarm fire in north St. Louis from spreading to adjacent homes.      The blaze broke out in 5000 block of...

UPDATE: 3 American doctors killed by Afghan hospital guard

UPDATE: 3 American doctors killed by Afghan hospital gu…

   KABUL, Afghanistan (AP) — Police in Afghanistan say a security guard has opened fire in a Kabul hospital, killing three foreigners and wounding one other person. ...

Camilla's brother dies in NY of head injury

Camilla's brother dies in NY of head injury

   NEW YORK (AP) — The Prince of Wales and his wife, Camilla, are "utterly devastated" by the death of her brother, who fell outside a hotel bar and suffered a head in...

© 2013 KTRS All Rights Reserved