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Further Layoffs for Central Appalachian Coal Mines
May. 19, 2015 04:28AM PST
Industrial Metals Investing
McGraw Hill Financial reported that the Central Appalachian coal industry’s struggles continued as Walter Energy said it may soon lay off as many as 370 coal workers in Alabama, just days after Alpha Natural Resources said it cut down its workforce in its Kentucky and West Virginia operations by 71 employees.
McGraw Hill Financial reported that the Central Appalachian coal industry’s struggles continued as Walter Energy said it may soon lay off as many as 370 coal workers in Alabama, just days after Alpha Natural Resources said it cut down its workforce in its Kentucky and West Virginia operations by 71 employees.
As quoted in the market news,
Walter Energy spokesman Bill Stanhouse acknowledged Monday the producer sent out a WARN notice on Friday to union officials and salaried employees at the Jim Walter Resources operations in Alabama, saying up to 370 employees could be laid off within 60 days.
Click here for the full McGraw Hill Financial report