Murray Energy Confirms Layoffs

Wall Street Journal, Nasdaq - Coal miner Murray Energy Corp. on Friday said it would lay off as many as 1,829 workers at mines in Illinois, Ohio and West Virginia. Read

The shedding of over 20% of the workforce at the nation's third biggest coal miner deals another harsh blow to the industry that is still central to the Appalachian economy.

The St. Clairsville, Ohio-based company blamed increased use of natural gas, taxes and what it called "the continuing destruction of the United States coal industry by President Barack Obama."

The planned layoffs were first reported Thursday by The Wall Street Journal.


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