New Murray Energy WARN Act notice a requirement of bankruptcy process, not likely to lead to layoffs

[TRIANGLE, VA.] The Worker Adjustment and Retraining Notification (WARN) Act notice that will be issued by Murray Energy later today is a requirement of federal law and the bankruptcy process, the United Mine Workers of America (UMWA) said today.

“At the end of the bankruptcy process, Murray Energy as we know it will cease to exist and new owners will take over the company,” UMWA International President Cecil E. Roberts said today. “The new owners will immediately rehire the employees, but since they will technically be transferring to a new employer, Murray Energy is required under the WARN Act to issue a notice.

“I do not anticipate any layoffs of UMWA members as a result of this WARN Act notice or change of ownership,” Roberts said. “Indeed, the new owners have agreed in writing – as part of a collective bargaining agreement our members ratified in April – that they will rehire UMWA members when they take ownership of the company.”

This is the third WARN Act notice Murray Energy has issued since the beginning of the bankruptcy process as a result of changing dates for completion of the bankruptcy. Each time the expected date of completion changes, the company must issue a new WARN Act notice.