One of the largest privately-held coal companies in the U.S. warned Friday that it may be forced to undergo the biggest layoff in the sector’s industry thanks to the Obama administration and stiff competition from natural gas producers.
Murray Energy Corp. notified employees it may have to slash as many as 4,400 jobs, or about 80 percent of its workforce, because of a combination of stiff regulations, low coal prices, and an increasingly crowded, competitive energy market. Company officials said it anticipates “massive workforce reductions in September.”
Murray’s owner, Robert Murray, is a stalwart supporter of Donald Trump and a fierce critic of President Barack Obama.
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8 comments:
40 % of the public is brainwashed and / or not interested in what's going on around them...Until they are sitting in the dark and hungry.
Of course instead of blaming his business model. It's like the manufacturer of 8 Track tapes blaming the president for the development of CD's, MP3's and IPods.
Massive! Uh I guess it would have nothing to do with the massive over regulation since Obama took office that has anything to do with this layoff. Right, 1120? Use your brains for something more than a hat rack for a change. Real thinking and logic are so refreshing after being in a coma.
You think it only affects coal states> Look at the price of charcoal
5% of the world population and a tiny contributor to world pollution.Has everyone else in the world stopped mining coal? I doubt it.
12:42 Obama has made it economically unfeasible thru his EPA and back door regulations. The arbitrary restrictions on coal power plants has shut many down. Wait till the brownouts start happening on the grid because the remaining power plants can't keep up with demand.
Actually it not Obama's fault , it's the out-dated constitution that didn't keep up with technology. Obama is da man and Hillary is da wo-man. Korea has coal for energy for many of it's people who live in the hood.
Why do you blame everything on this man Obama ? He is your king and you know it now. You will serve Hillary as you have done to his lordship Obama. He's da man wid da plan.
Hey 3:52 it is Obama who let the EPA and other federal agencies run a muck. If he was a true American he would be protecting the jobs as well as the environment. Pull your head out of Obamas da mans ass and take a good look around. your freedoms as well as mind are on the fast track to being gone and all you want is the free stuff. Some day your will understand what we have fought for all these years. you my friend are a Clueless sheep that follow the democrats with two face morals.
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