Six Murray Energy Corp. subsidiaries issued notices flagging possible terminations covering 508 employees in eastern Ohio as the companies seek buyers for their assets in line with bankruptcy filings in 2019.
Murray Energy, the largest privately held coal company in the U.S., filed for Chapter 11 bankruptcy protection in October 2019 while facing more than $8 billion in potential and actual legacy liabilities and $2.7 billion in outstanding funded debt obligations.
The potential subsidiary layoffs are anticipated by mid-June, according to separate April 2 news releases.
American Energy Corp. notified 358 workers about potential terminations by mid-June, Ohio Valley Coal Co. said its layoffs could affect 69 workers, and 37 positions were flagged at American Mine Services,
Murray American Energy Inc. outlined 26 possible layoffs, while American Natural Gas Inc. and Ohio Valley Transloading Company Inc. could lay off 12 and six workers, respectively.