Skip to main content

Patriot Coal on its WARN notice

Published by , Editor
World Coal,


Patriot Coal Corp., a producer and marketer of coal in the eastern US, issued a new WARN (Worker Adjustment and Retraining Notification Act) notice to employees.

According to the company, it issued the notices in accordance with the terms of the agreements to sell a majority of its assest to Blackhawk and VCLF.

The supplemental WARN notice from Patriot extended the period from the original WARN notice issued on 3 August 2015. This was a result of a delay in the company’s bankruptcy case. These delays held up and extended the projected closing date of the transaction from 9 October to 23 October 2015.

The company has indicated it expects that a majority of its employees at its mining operations will be offered employment if the sale is completed.

Patriot is continuing to work to complete the sale process and attain a value-maximising outcome for all of its constituents.

Edited from press release by Harleigh Hobbs

Read the article online at: https://www.worldcoal.com/coal/07102015/patriot-coal-on-its-warn-notice-2976/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

Embed article link: (copy the HTML code below):