Two of the countrys biggest coal companies have begun laying off workers at their Western coal mines, a region that so far has seen fewer industry job losses than Appalachia.
Peabody Energy Corp. is cutting 235 jobs at its mine near Gillette, Wyo., or about 15 percent of its workforce, the Casper Star-Tribune reports. Arch Coal Inc. is cutting a similar number of jobs at one of its mines in the state.
The mines in question, the Star-Tribune reports, are considered among the largest and most cost-effective mines in the country, producing around 100 million tons of coal annually between them.
Mines in Wyoming and western states havent seen the massive layoffs that are hitting their counterparts in Appalachia. But the energy industry and lawmakers have warned Obama administration policy changes including a pause in a federal coal leasing program will impact employment and production in the region.
Regardless, Arch and Peabody said the layoffs were due to declining demand for their product.
While our asset position and contracting strategies give us relative strength, we are taking these actions to match production with customer demand," Kemal Williamson, Peabody president for the Americas, told the Star-Tribune.
The downturn in the coal market has hit several of the U.S.s largest coal mining companies. Arch filed for bankruptcy in January, and Peabody hinted earlier this month that it may soon be forced to do the same.
Peabody is the nation's largest coal company; Arch is second.
Uke said
11:35 AM, 04/01/16
Railroads and trucking cos. effected by more job losses than the general work force...so where are the jobs?
This doesn't sound good for the railroads who move millions of tons of the stuff. Lower demand for coal equals fewer railroad jobs. And fewer railroad jobs, we already know the consequences...
Good thing I got lots of coal train pictures and video. Think coal traffic under the length
of the current contract will rumble thru like usual. Don't know when contracts end and
when they get renewed. Cant tell yet if there is a "dip" in coal trains heading to the GPNW.
The GPNW is the place to export coal to Asian countries so we may have a pretty steady
flow that lasts longer than other places.
Thunderwagon5000 said
8:16 AM, 04/03/16
They say coal traffic is down 50 % from a decade ago,
In a comment consistent throughout the coal fields of LAMCOla-laland:
The Krink said
1:23 AM, 04/04/16
Think same amount of coal trains going north of Everett to Roberts Bank a day
which 3. Been a long time since I monitored the BNSF airwaves all night and day.
I'm going to miss the YM landing a loaded coal at 0330hrs on the radio.
Uke said
7:16 PM, 04/19/16
The biggest of all... BIG coal represented by none other than Peabody, recently filed for protection under Chapter 13 bankruptcy. Simply meaning that creditors owed $$$ by BTU might never be paid, along with most laid off workers. Not ta mention their health care costs, and pensions...
Thanks, 0'bama.
You allowed your Moose Limbed friends to Frick and Frack.
Troll said
2:30 AM, 04/20/16
Uke wrote:
The biggest of all... BIG coal represented by none other than Peabody, recently filed for protection under Chapter 13 bankruptcy. Simply meaning that creditors owed $$$ by BTU might never be paid, along with most laid off workers. Not ta mention their health care costs, and pensions...
Top coal companies begin laying off workers in Wyoming
By Devin Henry - 03/31/16 02:24 PM EDT
Two of the countrys biggest coal companies have begun laying off workers at their Western coal mines, a region that so far has seen fewer industry job losses than Appalachia.
Peabody Energy Corp. is cutting 235 jobs at its mine near Gillette, Wyo., or about 15 percent of its workforce, the Casper Star-Tribune reports. Arch Coal Inc. is cutting a similar number of jobs at one of its mines in the state.
The mines in question, the Star-Tribune reports, are considered among the largest and most cost-effective mines in the country, producing around 100 million tons of coal annually between them.Mines in Wyoming and western states havent seen the massive layoffs that are hitting their counterparts in Appalachia. But the energy industry and lawmakers have warned Obama administration policy changes including a pause in a federal coal leasing program will impact employment and production in the region.
Regardless, Arch and Peabody said the layoffs were due to declining demand for their product.
While our asset position and contracting strategies give us relative strength, we are taking these actions to match production with customer demand," Kemal Williamson, Peabody president for the Americas, told the Star-Tribune.
The downturn in the coal market has hit several of the U.S.s largest coal mining companies. Arch filed for bankruptcy in January, and Peabody hinted earlier this month that it may soon be forced to do the same.
Peabody is the nation's largest coal company; Arch is second.
Railroads and trucking cos. effected by more job losses than the general work force...so where are the jobs?
http://www.wsj.com/articles/trucking-companies-railroads-slashed-jobs-in-march-1459530503
Arch and Peabody, two of the coal industry's largest producers plan to lay off more workers yet!
http://news.stlpublicradio.org/post/peabody-and-arch-lay-employees-wyoming-mines
This doesn't sound good for the railroads who move millions of tons of the stuff. Lower demand for coal equals fewer railroad jobs. And fewer railroad jobs, we already know the consequences...
From the GPNW. http://klcc.org/post/puget-sound-coal-port-backers-pause-environmental-review
***'s new NPR affiliate station, outa Eugene, OR
of the current contract will rumble thru like usual. Don't know when contracts end and
when they get renewed. Cant tell yet if there is a "dip" in coal trains heading to the GPNW.
The GPNW is the place to export coal to Asian countries so we may have a pretty steady
flow that lasts longer than other places.
They say coal traffic is down 50 % from a decade ago,
a large hit to the volume of business.
https://www.hcn.org/articles/powder-river-basin-coal-is-fast-becoming-a-stranded-asset
In a comment consistent throughout the coal fields of LAMCOla-laland:
which 3. Been a long time since I monitored the BNSF airwaves all night and day.
I'm going to miss the YM landing a loaded coal at 0330hrs on the radio.
The biggest of all... BIG coal represented by none other than Peabody, recently filed for protection under Chapter 13 bankruptcy. Simply meaning that creditors owed $$$ by BTU might never be paid, along with most laid off workers. Not ta mention their health care costs, and pensions...
http://www.usatoday.com/story/money/2016/04/19/coal-industry-energy-fallout/82972958/
You allowed your Moose Limbed friends to Frick and Frack.