On the heels of this morning's announcement from Peabody Energy
15 percent staff layoffs at the North Antelope Rochelle Mine, Arch Coal has
confirmed a similar reduction at the Black Thunder Mine.
"As a result of persistent weakness in thermal coal demand we are reducing
staffing at Thunder Basin’s Black Thunder mine by approximately 15
percent," Arch Spokeswoman Logan Bonacorsi said. "We are currently in the
process of meeting with employees. Through the commitment and ingenuity of
our employees, we have made great strides over the last several years to
streamline the operation, reduce costs and improve efficiencies. However,
current market realities have required we take further action to enhance
the competitive position of the operation and ensure long-term success."
According to other sources, the 15 percent reduction means the loss of work
for 243 employees.
“We regret the need for this difficult step and the impacts it will have on
our employees, their families and the local community,” said Keith
Williams, Arch’s president of Western operations. “We have made every
effort to preserve as many positions as possible, and this decision was
made only after a number of other cost-cutting measures were exhausted. We
deeply value the hard work, professionalism, and significant contributions
of the employees who have been affected by this reduction in force. We want
to thank the employees for their years of faithful and dedicated service to
Arch attributed the current weakness in coal demand to mild weather,
persistently low natural gas prices and high utility inventory levels, as
well as recent coal plant retirements stemming from the implementation of
the MATS rule. Arch expects the Powder River Basin to remain an essential
energy source for the domestic and global power generation sector for
decades to come.
*Feature photo abutyrin/Shutterstock / Pitchengine Communities*