Coal Operator on Pardee Property to Idle Seven Mines, Cut 530 Jobs

BenzingaBenzinga
|||1 min read
Key Takeaway

Greenbrier Minerals to idle seven West Virginia coal mines, cutting 530 jobs by mid-April due to challenging market conditions. Expected revenue impact: $4-5 million.

Coal Operator on Pardee Property to Idle Seven Mines, Cut 530 Jobs

Greenbrier Minerals, which operates mines on property owned by Pardee Resources Company in Logan County, West Virginia, filed a Worker Adjustment and Retraining Notification (WARN) Act notice on February 13, 2026, announcing the idling of seven coal mines and the elimination of 530 positions effective mid-April. The layoffs reflect challenging market conditions affecting the coal industry and represent a significant operational contraction for the operator.

The mine idling is projected to reduce Pardee Resources Company's 2026 revenues by $4 million to $5 million, according to the notice filed with state authorities. The reduction underscores the current headwinds facing coal producers as market dynamics continue to pressure operational capacity across the sector.

The WARN Act notice provides affected employees with the required 60-day advance notification of mass layoffs, allowing workers time to seek alternative employment and access available assistance programs.

Source: Benzinga

Back to newsPublished Feb 16

Related Coverage

The Motley Fool

Nasdaq Surges to Record Highs on AI Boom and Robust Jobs Data

Nasdaq surges 1.7% to record highs on strong jobs data and AI demand; Micron jumps 16%, while Cloudflare and HubSpot plunge on disappointing results.

RKLBNVDAMU
Benzinga

Ticketmaster Cuts 8% of Staff Despite Strong Ticketing Growth

Ticketmaster lays off 350 employees (8%) despite 10% ticketing revenue growth to $765M, with Live Nation posting $370.5M operating loss partly from $450M legal accrual.

LYV
The Motley Fool

AST SpaceMobile's 2026 Satellite Deployment Plan Derailed by Blue Origin Setback

AST SpaceMobile's BlueBird 7 satellite failed to reach orbit on Blue Origin's New Glenn in April 2026. FAA grounding forces reliance on SpaceX's lower-capacity Falcon 9, threatening deployment targets.

RKLBASTS
The Motley Fool

Nike Hits 16-Year Low as China Slump, Margin Collapse Compound DEI Investigation Woes

Nike stock plummets 32% YTD amid China sales decline, margin compression, EEOC investigation, and 14,000 job cuts, signaling deeper structural challenges.

NKESBUXADDYY
Investing.com

Disney Earnings Test: Can Streaming Profits Weather Parks Slowdown?

Disney reports Q2 earnings with $1.49 EPS expected as streaming reaches profitability, but parks division faces headwinds from geopolitical risks and travel slowdown.

DIS
Benzinga

Pardee Resources Files Q1 Report, Signals Operational Updates Ahead

Pardee Resources posts Q1 report on OTC Markets, distributing findings to shareholders electronically and by mail in coming days.

PDER