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Job possibilities emerge for Armstrong coal miners

Coal News - Published on Tue, 26 Dec 2017

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WFIE reported that an Illinois coal company is asking for miners impacted by the layoffs at Armstrong coal to apply for new jobs next week. Knight Hawk Coal will be accepting employment applications on 12/27/17 and 12/28/17.

As we reported earlier this week, Armstrong Coal issued WARN notices to hundreds of miners. Armstrong filed for bankruptcy in November.

The CEO of Knight Hawk Coal, which is based in Percy, Illinois, confirms to 14 News they have an agreement with bondholders to form a new company to buy the assets of Armstrong when it emerges from bankruptcy.

The sale to their proposed new company has not been confirmed by the bankruptcy court.

Armstrong has to solicit potential competing bids first.

CEO Steve Carter said that it should be completed over the next couple weeks.

If all goes through, he said that they hope to start operations as soon as bankruptcy is closed, which is hopefully mid-February.

The WARN notices go into effect February 14.

Carter said that they know this is a tough time for families, and they want to reassure them that they’re doing everything they can to keep the mines open. He said that they hope to bring back as much of the operations and workers as possible.

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Posted By : Rabi Wangkhem on Tue, 26 Dec 2017
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