6909 search
Alpha Natural Resources Inc.
NYSE ANR 11,75 US$ 15566,67%
Logo

Alpha laying off nearly 900 at West Virginia mines

Publié le 25 janvier 2016

CHARLESTON, W.Va. (AP) -- Bankrupt coal producer Alpha Natural Resources announced Monday it plans to lay off 831 miners and dozens more support staff at eight underground mines and two processing plants in southern West Virginia as a result of the industry's downturn.

Bristol, Virginia-based Alpha said it has sent 60-day layoff warning notices to Boone and Raleigh counties.

The announcement includes 468 miners and 40 support staff at five underground mines at Marfork Coal Co. in Naoma and Whitesville, and 363 miners and 15 support staff at three underground mine at Elk Run Coal operations in Sylvester and near Whitesville.

The notice said the layoffs will occur around March 25.

"It is a direct result of an oversupply of coal in the marketplace and dramatically reduced demand, which has driven prices down to unsustainable levels, particularly for central Appalachia coal," Alpha said.

The move marks the latest blow to an industry that has seen U.S. coal production fall to its lowest level in nearly 30 years.

Last July, Alpha announced the impending layoffs of 292 workers in Virginia's Wise County and Kentucky's Letcher County. The following month, the company filed for Chapter 11 bankruptcy protection. In late December, Alpha notified 160 workers in Virginia and West Virginia that they were being laid off.

Alpha also has mining operations in Pennsylvania and Wyoming.

In October, bankrupt Patriot Coal said it expected the sale of its assets to result in the permanent layoffs of more than 2,000 workers at its West Virginia operations.

Earlier this month, St. Louis-based Arch Coal filed for Chapter 11 bankruptcy protection.

Les autres articles de la compagnie
Coal Asset Auctions Coming This Week
That Crashing Sound Is The Fall Of The U.S. Coal Industry
[$$] Citizens Groups Worry Arch Coal Can't Fund Cleanup
Will Taxpayers Get Stuck With The Bill To Clean Up Strip Min
The Distressed-Debt Trades That Obliterated Bonus Checks in
Articles en illimité et contenus premium Je m'abonne
Editoriaux
et Nouvelles
Actions
Minières
Or et
Argent
Marchés La Cote
search 6909
search