Murray Energy Warns of More Layoffs

Murray Energy has issued notices that it could lay off up to 4,400 coal mine workers in six states come September. The company says it issued the notices for its operations in Ohio, West Virginia, Illinois, Kentucky, Utah and Pennsylvania and blames the possible job losses on federal environmental policies regarding coal, and the increased use of low-price natural gas for electricity. Murray said earlier this year that all his mines are running on reduced schedules because of the slumping market.