Brought to you by WBIW News and Network Indiana
Last updated on Tuesday, April 19, 2016
(DUGGER) - The announcement that Peabody Energy Corp. was filing for bankruptcy has made residents of Dugger, where the company operates the Bear Run Mine, nervous.
While the coal company says normal operations are expected to continue, some residents say they're worried Dugger will become a ghost town if the mine closes.
The company says the bankruptcy filing is intended to reduce it's overall debt level, lower fixed charges and improve operating cash flow, but workers at the mine are nervous about job security.
More than 500 people work around-the-clock shifts there.
The company says Bear Run, which opened in 2010, contributes more than $165 million annually to the regional economy.
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