Walter Energy bankruptcy threatens thousands of workers and retirees

By Shelley Connor Bankruptcy proceedings for Birmingham, Alabama-based Walter Energy could have serious consequences for both retired and current employees. Throughout 2015, the struggling company laid off over 300 workers. In July, it declared Chapter 11 bankruptcy. Subsequently in mid-December, Federal Bankruptcy Judge Tamara Mitchell ruled that Walter Energy could terminate the retiree benefits of about … Continue reading Walter Energy bankruptcy threatens thousands of workers and retirees