Friday, October 30, 2015

Half of workforce to be laid off at Wyoming County mine

A southern West Virginia coal operator announced Thursday its plans to cut its workforce in half at a large Wyoming County operation.

Cliffs Natural Resources issued WARN notices to 220 workers at its Pinnacle Mine near Pineville. The layoffs will take place in 60-days.

The company also announced its third-quarter earnings Thursday and it wasn’t a good three months. It had consolidated revenues of $593 million, a decrease of 39 percent from last year’s third-quarter revenues of $980 million.