Patriot Coal Issues Layoff Notices
Patriot Coal Corp. has issued layoff notices to an unspecified number of workers.
Patriot tells media outlets that the notices issued Monday, known as WARN, are in accordance with the terms of an agreement to sell a majority of its assets to Blackhawk Mining LLC.
If the sale is completed, Scott Depot, West Virginia-based Patriot says a majority of the affected employees will be offered jobs with Blackhawk.
Lexington, Kentucky-based Blackhawk announced in June that it entered a definitive agreement to purchase Patriot's Panther, Rocklick Wells, Kanawha Eagle, Paint Creek and Midland Trail complexes in southern West Virginia.
Patriot filed for Chapter 11 bankruptcy protection on May 12.