trending Market Intelligence /marketintelligence/en/news-insights/trending/YLrVwSpXipuFiCb71VUJUg2 content esgSubNav
In This List

Armstrong Energy closing St. Louis headquarters, laying off top staff

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Podcast

Energy Evolution | How will US Democrats' new deal on climate affect the energy transition?

Podcast

Energy Evolution | New York's aggressive climate goals create a market for manufacturers


Armstrong Energy closing St. Louis headquarters, laying off top staff

Coal producer Armstrong Energy Inc., which filed for Chapter 11 bankruptcy reorganization Nov. 1, notified Missouri officials it will close its headquarters in St. Louis on Feb. 14, 2018 and lay off the eight people working there.

The affected employees include Armstrong's president and CEO, Martin Wilson; Executive Chairman J. Hord Armstrong III; two vice presidents; two directors; and other staff.

Armstrong intends to transfer its assets to a new entity that will be jointly owned by Knight Hawk Holdings LLC and Armstrong's secured noteholders. The company said in a Dec. 13 letter to the Missouri Department of Economic Development that the employees "may have the opportunity to apply for positions with the new company, provided the transaction is completed as expected."

"However, Armstrong can state with certainty that all Armstrong employees at each of its locations, including the St. Louis office, will no longer be employed by Armstrong upon or shortly after completion of the transaction," the company said in the letter.

The company also issued layoff notices as required by the federal Worker Adjustment and Retraining Notification Act to 526 workers at western Kentucky coal mines.