OAKWOOD, Va. (AP) – Consol Energy is blaming reduced global demand for metallurgical coal for the layoffs of 188 workers at a southwest Virginia mine.
The company announced the layoffs Friday at Consol’s Buchanan Mine. Media outlets report the layoffs include 149 hourly and 39 salaried workers.
Consol said the mine will reduce its production shifts each day from three to two. Third-shift activities will be limited to maintenance work.
Consol spokeswoman Cathy St. Clair said the company will “continue to monitor market conditions.”
Earlier in the week, the Southpointe-based company reported net income of $116 million in the first quarter, helped in part by growth from its division that focuses on oil and gas exploration and production.
Consol Energy lays off 188 workers in Virginia