Energex electric drill maker seeks $8.2M for California, Oregon jobs
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AEG Electric, a maker of electric drill rigs, said it will file for bankruptcy protection on Wednesday, the company said.
The filing was filed in the U.S. Bankruptcy Court for the Northern District of California, the court said in a statement.
It said AEG had no cash or cash equivalents.
“We are filing for Chapter 11 protection in accordance with the provisions of Section 11(b)(2) of the Bankruptcies and Insolvency Code, which provides that all bankruptcy petitions may be filed without advance notice,” the company’s statement said.
The filing came as the company was facing a federal investigation into the deaths of workers at two of its California factories.AEG was founded in 1989.
It has been working with U.N. agencies to help with the cleanup of oil spills, including the one at the refinery in Marcellus, Pa., where the spill was discovered in January.
The company said the plant’s workers were working on an electric drill that broke apart and killed a worker.
AEG Electric, a maker of electric drill rigs, said it will file for bankruptcy protection on Wednesday, the company said.The…