Peabody Energy to cut North Antelope Rochelle Mine workforce 15%
"While our asset position and contracting strategies give us relative strength, we are taking these actions to match production with customer demand," said Peabody President – Americas Kemal Williamson.
"We regret the impact of these actions on our employees, their families, and the surrounding communities in the Campbell and Converse county areas."
The reductions affect approximately 15 percent of the workforce at the North Antelope Rochelle Mine.
The company is taking steps to ease the transition through severance and outplacement support.
Williamson noted the company has regularly worked to minimize job impacts by actively anticipating and adjusting staffing resources, managing contractors and temporary employees, and using natural turnover to lower staffing levels.
U.S. coal industry conditions have remained challenged, impacted by an oversupply of natural gas and mild winter weather.
The U.S. coal industry has seen unprecedented shipment declines this year.
Heating degree days year-to-date are 17 percent lower than last year, with March heating degree days down nearly 30 percent versus the 10-year average. ■