WALTER ENERGY FILES FOR BANKRUPTCY
Hoover-based Walter Energy has filed for Chapter 11 bankruptcy.
Walter Energy is the parent company of Brookwood’s Jim Walter Resources.
In May, employees received notice that more than 300 workers could lose their jobs within the next 60 days. The company said this comes in the face of ongoing economic issues in the coal industry.
Walter Energy is known as one of Alabama’s largest private sector employees.