Consol Energy Announced Layoffs at its Buchanan Mine - Beckley, Bluefield & Lewisburg News, Weather, Sports

Consol Energy Announced Layoffs at its Buchanan Mine

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OAKWOOD, Va. (AP) - Consol Energy announced on Friday afternoon that it has made a significant reduction in force at its Buchanan Mine, one of the region’s most prolific metallurgical mines working in the Pocahontas No. 3 coal seam.

Citing reduced met coal demands “particularly in 
Asia,” Consol announced that it has laid off 188 employees, including 39 salaried and 149 hourly employees, and will only operate on two production shifts per day with third shift operations limited to maintenance activities in the mine.

Consol recently completed a $24 million hoist upgrade designed to increase efficiency at the mine, Jimmy Brock, Consol’s chief operating officer of the coal division said. Brock said the improvements will put Consol in a better position when market conditions improve.