SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 20, 1995
Westmoreland Coal Company
(Exact name of registrant as specified in its charter)
Delaware 0-752 23-1128670
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
No.)
incorporation)
700 The Bellevue, 200 South Broad Street
Philadelphia, Pennsylvania 19102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 545-2500
Item 5. Other Events.
On June 20, 1995 Westmoreland issued WARN notices to its
employees at its Virginia Division. See attached news release for
details.
Item 7. Exhibits.
1. News release dated June 20, 1995.
EXHIBIT INDEX
Sequentially
Exhibit Description of Exhibit Numbered
Number Page
1 News release dated June 20, 1995 4
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
WESTMORELAND COAL COMPANY
Date: June 21, 1995 By:
Francis J. Boyle
Senior Vice President,
Chief Financial Officer and Treasurer
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Westmoreland Announces Cutbacks; Company
Seeks to Eliminate Losses in Virginia
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Philadelphia, PA -- June 20, 1995 -- Westmoreland Coal Company (NYSE:WCX)
yesterday issued notices, pursuant to the Worker Adjustment and Retraining
Notification ("WARN") Act, to its employees and to the employees of its wholly
owned subsidiary, Pine Branch Mining Incorporated ("Pine Branch"), working in
Lee County and Wise County, Virginia that on August 23, 1995, it will close
the Holton Low Splint Mine, which employs 25 people, and that during the
fourteen day period beginning August 23, 1995, it expects to implement a
further significant layoff at its other Virginia facilities. Although the
notices were issued for all Westmoreland and Pine Branch employees working in
Virginia, the letters of notification, which were signed by Ronald W. Stucki,
Senior Vice President-Operations, also state: "The Company is working on
tentative plans which could result in the retention of a reduced workforce to
continue to operate certain facilities." Mr. Stucki also stated today:
"During the last quarter of 1994 and the first quarter of 1995, Westmoreland
lost a combined total of over $13 Million from its Virginia Division and Pine
Branch operations. We are hopeful that during the next sixty days we will be
able to reach an agreement, either with our employees or with a third party
purchaser of our Virginia assets, on terms which will allow for the continued
operation of our facilities. However, we issued these notices yesterday
because we wanted to prepare our employees for certain scenarios among
several alternatives which are currently under consideration and to comply
with our obligations under the WARN Act. We are working hard to develop the
best alternative available for Westmoreland's long-term success and to
implement it promptly. We will keep our employees and the community informed
of additional information on this issue, as soon as it become available."
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For information contact: R. Page Henley, Jr. (215) 545-2500
