Feb. 05--Alliance Resource Partners LP said Friday it laid off about 200 people from its Hamilton County coal mine, about 100 miles east of
A statement from Alliance Resources said the layoffs would be temporary and were "a result of weak power demand, persistently low natural gas prices, an oversupplied coal market, and overreaching regulations."
The company said layoffs at the mine, just east of
, should be lifted in the third quarter of 2016.
A former miner who asked that his name not be used said the layoffs came "out of nowhere" for the mine's roughly 470 employees, who were told Friday morning. Workers weren't given adequate notice or a severance package, he said, and he worries the company "is just telling us what we want to hear" and won't hire the workers back.
"I understand it from the company's point of view, I just don't agree with the way they're doing it," the miner said.
Alliance said it would also lay off about 35 people from its Pattiki mine in
White County, Ill.
Alliance previously announced it would shutter a
mine this quarter, and it may close another
mine depending on market conditions.
Jacob Barker -- 314-340-8291
@jacobbarker on Twitter
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Source: Equities.com News
(February 5, 2016 - 12:41 PM EST)
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