Could cut as many as 4,400 jobs
According to The Wall Street Journal, Murray Energy Corp., the largest privately held coal miner in the U.S., warned this week that it anticipates “massive workforce reductions in September.”
The company said the potential layoffs were “due to the ongoing destruction of the United States coal industry by President Barack Obama, and his supporters, and the increased utilization of natural gas to generate electricity.”
According to zerohedge.com, “the top four miners have lost over $44 billion in market capitalization from their recent peaks in 2011, an astonishing 99.9% decrease in value.”
Thanks to Laurel in Australia for these links
“If Trump doesn’t get elected, or the hillbilly team DO, heaven help you all,” says Laurel.