- Associated Press - Saturday, May 3, 2014

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 says 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 says the company will “continue to monitor market conditions.”

Earlier in the week the Canonsburg, Pa., 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.



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