Tag: Armstrong energy

Armstrong Energy to close its Clayton headquarters, layoff employees

A leading coal producer located in Clayton, Armstrong Energy is closing its headquarters and laying off around eight employees. Armstrong, which filed for bankruptcy last month, notified state economic development officials of the layoffs earlier this month, and a Worker Adjustment and Retraining Notification (WARN) was posted on the department of economic development’s website last week. The layoffs will occur between Feb. 14 and Feb. 28, according to the notice. Officials with Armstrong Energy were not […]

St. Louis County Blog 1 p.m. — Armstrong Energy may go bankrupt, Gov. Greitens hosts Israeli Ambassador, Senate hires new administrator

Tuesday, Aug. 15, 2017 1 p.m. Clayton Times: Rock Hill restaurant donating 100 percent of its earnings to charity once a month Every month, a local pizza restaurant in Rock Hill is donating 100 percent of their earned proceeds from an entire business day to charity. The Missouri Times: Schmitt will not run for U.S. Senate in 2018, paves way for Hawley to run Missouri State Treasurer Eric Schmitt will not be seeking the Republican nomination to […]

Clayton-based energy company may go bankrupt

Clayton-based Armstrong Energy is considering filing for Chapter 11 bankruptcy due to “recurring losses from operations”. In a quarterly report that was filed on Friday, the company reported $17.2 million loss on revenue of $60.9 million, which is a “substantial decline in cash flows from operating activities over the previous 24 months.” The report states that Armstrong Energy isn’t confident regarding their ability to continue as a business. “Our continuing operating losses, negative cash flow projects, […]