Major coal company will cut workforce by up to 80%

More fallout from the Obama administration's war on coal as Murray Energy, a large supplier, announced it may have to lay off up to 80% of its workforce.  While stiff competition and low coal prices are also to blame. the driving force for coal layoffs are the draconian rules drafted by the EPA regarding carbon emissions. Daily Caller: 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. The possible layoffs were “due to the ongoing destruction of the United States coal industry by President Barack Obama, and his supporters, and the increased utilization...(Read Full Post)