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Buckskin Coal Mine Will Lay off 60 Workers

Coal News - Published on Mon, 23 Mar 2020

Image Source: Buckskin Coal Mine Lay Offs
Buckskin Coal Mine laid off 60 employees last week in an effort to adjust to deteriorating market conditions for coal. Though workers received official notice of the layoffs Wednesday, they will receive pay through April 2, according to Janssen. It said “This is not driven by their performance, but rather the realities of the market. Buckskin continues to operate and we remain focused on safely managing the mine to meet our commitments to our clients and to ensure the mine’s long-term viability.”

The company had announced one week ago it was finalizing a plan to reduce its workforce over the course of the next month.

The mine employed 206 workers and produced 4.3 million tons of coal in the final quarter of 2019

Nationwide demand for coal has plummeted in the past year, as utilities transition away from coal toward less expensive natural gas and renewable energy sources.

The announcement from Buckskin comes on the heels of another layoff in the Powder River Basin. Peabody Energy laid off 50 temporary workers at its North Antelope Rochelle Mine on March 5.

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Posted By : Yogender Pancholi on Mon, 23 Mar 2020
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