WALTER Energy has warned it might lay off a total of 370 workers from its Alabama-based No.7 long...
The workers were told they could be dismissed in mid-July if metallurgical coal market conditions did not improve.
In a corporate filing last month, Walter flagged a possible bankruptcy as it said there was substantial doubt about the company’s ability to continue as a going concern.
The No. 7 mine produced about 1.1 million tonnes of met coal in the March quarter with the output accounting for about 44% of Walter’s total sales.
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