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Biggest private coal producer warns of cutting 80 percent of workforce, head blames Obama policies
The Wall Street Journal ^ | July 2, 2016 | The Wall Street Journal

Posted on 07/02/2016 12:27:15 PM PDT by PROCON

Murray Energy Corp., the largest privately held coal miner in the U.S., has warned that it may soon undertake one of the biggest layoffs in the sector during this time of low energy prices.

In a notice sent to workers this week, Murray said it could lay off as many as 4,400 employees, or about 80% of its workforce, because of weak coal markets. The company said it anticipates “massive workforce reductions in September.”

The law requires a 60-day waiting period before large layoffs occur.

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: coal; coalminer; energy; layoffs; murray; murrayenergy; obama
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Of course it's 0bama's fault. Everything bad that has happened to this country over the past 7 1/2 years is a direct result of 0bama's purposeful destruction of our economy, our military and societal norms in general.

The company said it anticipates “massive workforce reductions in September.”

Right before the election; I hope these laid-off workers remember who ruined their and their families lives.

1 posted on 07/02/2016 12:27:15 PM PDT by PROCON
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To: PROCON
Hillary Clinton Promise: ‘We’re Going to Put a Lot of Coal Miners and Coal Companies Out of Business
2 posted on 07/02/2016 12:30:03 PM PDT by SoFloFreeper ((Just say no to HRC))
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To: PROCON

The other 20% will be toast when the Clintoons rise to powah again in January.


3 posted on 07/02/2016 12:31:55 PM PDT by FlingWingFlyer (Trump vs. the Tramp 2016. The Thrilla in Vanilla!)
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To: PROCON

He promised $5 gasoline.


4 posted on 07/02/2016 12:32:25 PM PDT by stocksthatgoup (Don't argue with a Liberal. Ask him simple questions and listen to him stut)
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To: PROCON
The attack on coal has been a hysterical, politically driven attack on our economy. We are spending billions closing plants that had decades of use left. If global warming is indeed man made, then why not phase them out instead of shut down useful infrastructure?

Global warming hysteria is designed to sow confusion and to transfer wealth from rich to poor nations. It will have the effect of making all nations poorer.

5 posted on 07/02/2016 12:34:40 PM PDT by The_Media_never_lie (Sigh!)
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To: The_Media_never_lie

It’s cover for a massive wealth transfer.


6 posted on 07/02/2016 12:37:50 PM PDT by Eric in the Ozarks (Baseball players, gangsters and musicians are remembered. But journalists are forgotten.)
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To: PROCON

Obama - destroying the U.S. economy every day since January, 2009.

Aided and abetted by idiots, fools, traitors and the simple.


7 posted on 07/02/2016 12:44:17 PM PDT by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: PROCON

Is there hope?

8 posted on 07/02/2016 12:44:30 PM PDT by ProtectOurFreedom
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To: PROCON
In related news...

Babcock & Wilcox lays off 126 workers in Barberton, Copley [OH]

The coal-industry woes that have hit miners in Appalachian Ohio and some of the state’s power-generation industry struck Barberton this week, as Babcock & Wilcox Enterprises announced major layoffs.

The company abruptly let go 113 workers, along with 13 more from Copley, who had been working in the company’s business segment serving the coal-fired power industry.

The coal industry has been under duress in recent years as it competes with other fuels, primarily natural gas, for position as the primary fuel source for the nation’s power plants. As the cost of other fuels has come down, the use of dirtier coal as a fuel to fire generation has waned. That has meant less business for B&W’s units in Barberton and Copley, Cornell said.

“This was part of a larger restructuring of the company,” Cornell said. “We’re facing declining coal generation markets, and things are declining faster than we anticipated.”

For those that don't know, B&W is one of two manufacturers of large utility coal-fired boilers for electric power generation. So not only are we losing our coal production capability, we are also losing our ability to produce coal fired power plants.

9 posted on 07/02/2016 12:45:40 PM PDT by ProtectOurFreedom
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To: PROCON

Obama’s Promise the Bankrupt the Coal Industry

https://m.youtube.com/watch?v=DpTIhyMa


10 posted on 07/02/2016 12:46:33 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: PROCON

Rednecks (as in miners) unite!


11 posted on 07/02/2016 1:09:56 PM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: SaveFerris

The economic equivalent of total anal retentiveness.


12 posted on 07/02/2016 1:10:28 PM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: PROCON; All
Thank you for referencing that article PROCON. As usual, please note that the following critique is directed at the article and not at you.

"The law requires a 60-day waiting period before large layoffs occur."

FR: Never Accept the Premise of Your Opponent’s Argument
Worker Adjustment and Retraining Notification Act (WARN Act)

Patriots, please note that, regardless if the WARN Act was a good idea, and regardless what FDR’s state sovereignty-ignoring activist justices wanted everybody to think about the scope of Congress’s Commerce Clause powers (1.8.3), a previous generation of state sovereignty-respecting justices had clarified that the states have never delegated to the feds, expressly via the Constitution, the specific power to regulate INTRAstate commerce.

”State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added].” —Gibbons v. Ogden, 1824.

The post-17th Amendment ratification WARN Act is therefore based on constitutionally nonexistent federal government powers imo.

So WARN is another good example of corrupt federal lawmakers taking advantage of low-information voters by getting themselves elected or reelected with campaign promises based on constitutionally nonexistent federal government powers.

Many times Sometimes I think that low-information patriots can sleep in the bed of unconstitutionally big federal government that they have made for themselves.

13 posted on 07/02/2016 1:23:11 PM PDT by Amendment10
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To: PROCON

Smart Money has been and is gonna be buyin’ up EVERYTHING coal.
Getting it at Bankruptcy prices. Lay off everything possible, sell all the old crap.
Be ready, to re-machine, re-fit, re-energize for the New Sheriff In Town.
It’s gonna be rainin’ moolah all-up-in-he-ya once Congress Critters start passing all the protection and tax relief Coal Country needs.
Look who’s in the mix. Pennsylvania, Ohio, West Virginia, Kentucky, Indiana, Illinois, Missouri, Iowa and a few more.

Got some cash set aside for a rainy day? Guess what?
IT’S RAINING!


14 posted on 07/02/2016 1:26:54 PM PDT by Macoozie ("Estoy votando por Ted 2016!" bumper stickers available)
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To: PROCON
Tragic, how a p_resident and an evil woman running for p_resident can bring an industry to its knees. This layoff is really a crime and those two, Odungo and witchface, should be imprisoned for this.

I say the whole coal war is a farce.

Develop clean, efficient burners, mine the coal and we have enough to power the country for CENTURIES!

15 posted on 07/02/2016 2:12:12 PM PDT by BatGuano (You don't think I'd go into combat with loose change in my pocket, do ya?)
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To: Macoozie

Starve the Saudis and the rest of the Middle East states that are rich with our dollars. Keep our money here where our workers can earn, spend or save. I get sick seeing the YUGE city skyscrapers in the desert. That, we will stop with a determined leader in our White House. GO TRUMP!


16 posted on 07/02/2016 2:19:19 PM PDT by BatGuano (You don't think I'd go into combat with loose change in my pocket, do ya?)
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To: HiTech RedNeck
"Rednecks (as in miners) unite!"

The good news, despite the UMWA, the miners are untied against HRC. The bad news, the coal regions do not have enough votes to make any difference in the electoral college.

17 posted on 07/02/2016 6:01:18 PM PDT by buckalfa (I am feeling much better now.)
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To: buckalfa

However can’t these rednecks advertise?

Without the coal, a difficult situation will become impossible; and those who chart climate over geological ages can make a good case that we’re on the brink of plunging into another ice age and that if coal burning CO2 really can buck that trend, it is to the good not the ill that it would.


18 posted on 07/02/2016 6:04:42 PM PDT by HiTech RedNeck (Embrace the Lion of Judah and He will roar for you and teach you to roar too. See my page.)
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To: stocksthatgoup

Send the Obamas à lump of coal this Christmas


19 posted on 07/02/2016 7:15:58 PM PDT by George Washington Axe
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To: BatGuano

STFU, Peasants!!

We told you what we would do!!

ARF ARF ARF ARF....

— Hillary Clinton —


20 posted on 07/02/2016 11:50:12 PM PDT by Enchante (No lipstick on the PIAPS!! #NeverShrillary)
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