Alpha Natural Resources to Cut 500 More Jobs in Central Appalachian

Mining Weekly reported that Alpha Natural Resources (NYSE:ANR) is planning to idle more of its coal operations in the United States due to persistently poor conditions in the coal market.

As quoted in the publication:

NYSE-listed Alpha’s affiliates gave 439 employees at Rockspring Development’s Camp Creek underground mine and processing plant, in Wayne County, West Virginia, Worker Adjustment and Retraining Notification (WARN) Act notices, citing the mine operator’s current assessment of market conditions as the reason for doing so.

Three other Alpha-affiliated mine operators announced last week that reductions in their workforces were taking place as a result of sustained weak market conditions and government regulations that had challenged the Central Appalachian coal industry, the company said.

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