SPONSORED:

Coal company warns of mass layoffs

Coal company warns of mass layoffs
© Getty Images

Murray Energy Corp. says it might lay off up to 82 percent of its workforce in September, due in part to President Obama.

Murray Energy, owned by outspoken executive and Donald TrumpDonald TrumpGaetz was denied meeting with Trump: CNN Federal Reserve chair: Economy would have been 'so much worse' without COVID-19 relief bills Police in California city declare unlawful assembly amid 'white lives matter' protest MORE supporter Bob Murray, said the potential layoffs would affect 4,400 employees in six states. Murray said this week that his company has 5,356 workers, according to SNL Financial.

ADVERTISEMENT

“These workforce reductions are due to the ongoing destruction of the United States coal industry by President Barack ObamaBarack Hussein ObamaBiden is thinking about building that wall — and that's a good thing White House races clock to beat GOP attacks On North Korea, Biden should borrow from Trump's Singapore declaration MORE, and his supporters, and the increased utilization of natural gas to generate electricity,” the company said in a Friday statement.

“Murray Energy hopes and expects to continue operating its mines, and will retain as many employees as practicable to ensure continued operation and to fulfill its obligations to its customers.”

The warnings came three days after miners in the United Mine Workers of America rejected the latest proposal for a new contract from Murray Energy and other unionized coal companies.

The coal industry employs fewer than 60,000 people, compared with the more than 80,000 jobs in 2008.

Murray has been an outspoken critic of Obama and his policies that hurt coal, calling him “the greatest destroyer America has ever had.” The company frequently files lawsuits against the Obama administration for its environmental regulations.

He predicted that Trump “will be the best president of our lifetimes.”

“You are being denied the right to work with honor and dignity," Murray said at a recent Trump event.

The Friday warnings do not necessarily mean Murray Energy will go ahead with all of the layoffs. They were made to comply with a federal law requiring advanced notice of mass layoffs.

Murray Energy is the largest privately held coal company in the country.