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Patriot Coal Cuts
Wed April 23, 2014
Patriot Coal to Cut Production at Two Mines
Patriot Coal plans to cut production at two mining complexes in southern West Virginia and potentially lay off workers.
The federal Worker Adjustment and Retraining Notification, or WARN, Act requires companies to provide notice to employees if large layoffs are possible.
Patriot employs 450 workers at the Wells complex and 397 workers at the Corridor G complex. Patriot president and CEO Bennett K. Hatfield says in a news release that the company needs to align its production with expected sales. He says pricing for both metallurgical and thermal coal is well below production costs at many mines in Central Appalachia.