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9-24-16 Delaware State

Peabody announces job cuts

Local

Peabody announces job cuts

St. Louis, MO (KTRS) – A continued downturn in the coal industry is prompting Peabody Energy to cut 250 jobs. The job losses will come from the corporate and regional ranks. Peabody is headquartered in St. Louis and around 500 people work there. It is no clear how many people at the headquarters would be […]

Peabody announces job cuts

St. Louis, MO (KTRS) – A continued downturn in the coal industry is prompting Peabody Energy to cut 250 jobs.

The job losses will come from the corporate and regional ranks. Peabody is headquartered in St. Louis and around 500 people work there. It is no clear how many people at the headquarters would be effected.

The reductions should be completed by the end of the month.  The staff reductions could save the company more than $40 million a year.

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By Colin Jeffery

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