walter energy inc (WLT) Key Developments
Walter Energy, Inc.(NYSE:WLT) dropped from Russell 2000 Index
Jun 29 15
Walter Energy, Inc. will be removed from Russell 2000 Index
Walter Energy, Inc.(NYSE:WLT) dropped from Russell 3000 Index
Jun 29 15
Walter Energy, Inc. will be removed from the Russell 3000 Index.
Walter Energy, Inc. Exercises Grace Period for 9.875% Senior Notes Due 2020
Jun 11 15
Walter Energy, Inc. announced that it will exercise the 30-day grace period under its indenture agreement with holders of its 9.875% Senior Notes due in 2020, extending the timeframe for making the cash interest payment due June 15, 2015.
Walter Energy Plans to Cut Around 400 Jobs
May 19 15
Walter Energy is planning to cut around 400 jobs from its Brookwood coal mines in the US, due to fall in coal prices. Poor market conditions within the steel industry have prompted the company's decision to go ahead with the job cuts. The company has issued notices to 370 union and salaried employees, which includes notices to eliminate management positions. The jobs planned to be eliminated at the facilities within the next two months. With the job cuts, expected to begin this July, the company will cut 20% of its 1,700 employees.
Walter Energy, Inc. Announces Executive Changes
May 13 15
On May 7, 2015, Brian M. Chopin, Assistant Corporate Controller of Walter Energy, Inc. was appointed Acting Corporate Controller and Chief Accounting Officer, effective May 20, 2015, and will serve as the successor to Kevin M. Harrigan. Mr. Chopin, age 32, joined the Company in June 2012, first serving as the Manager of SEC Reporting and, from January 2014 to May 2015, serving as Assistant Corporate Controller.