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News Breaks
December 14, 2012
17:08 EDTCNXCONSOL Energy to lay off 147 workers
CONSOL Energy has issued notice under the Worker Adjustment and Retraining Notification Act of its intent to complete the idle of its Fola operations near Bickmore, W. Va., resulting in a layoff of 131 surface and office employees and 16 employees at the company's Little Eagle Deep Mine. The layoffs will occur during a 14-day period beginning at 12:01 a.m., on February 14, 2013. Employees were officially briefed on the situation on December 14. CONSOL Energy attributed this WARN notice to the expected February completion of coal processing and shipping from its preparation plant and recovery of equipment and infrastructure from the Little Eagle Deep Mine. CONSOL Energy anticipates that accelerated reclamation work will continue through mid-summer. Earlier this year, the company announced it would lay-off 318 employees and reassigned the remaining 147 employees from mining to reclamation work. The only coal produced through that transition occurred on the surface and was incidental to reclamation. A combination of market conditions and increasing pressure from the Environmental Protection Agency, which resulted in both increased costs of surface mining and significant uncertainty for the company's power generation customers related to the continued use of Central Appalachian coal were cited as reasons for the idling.
News For CNX From The Last 14 Days
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April 28, 2015
06:51 EDTCNXCONSOL says on track for thermal coal MLP and MetCo IPO
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06:49 EDTCNXCONSOL reports Q1 E&P production of 71.6 Bcfe
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06:48 EDTCNXCONSOL reports Q1 adjusted EPS 37c, consensus 13c
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April 27, 2015
15:04 EDTCNXNotable companies reporting before tomorrow's open
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April 21, 2015
06:05 EDTCNXCONSOL implied volatility of 47 at upper end of index
05:56 EDTCNXStocks with implied volatility movement; CNX HPQ
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