James River Coal says cut workforce by about 400 workers

theflyonthewall.com

Due to the continuing downturn in the coal market, the Company has idled five underground mines, two preparation plants , one load out and reduced production at three surface mines. These and previous changes reduce our production capacity by 3 million tons and impact approximately 400 employees and contractors. We project that these changes will lower our operating costs and better match our production to our current market view. The company says it will not be issuing production or cost guidance at this time.

View Comments (0)