Another sign of a contracting market for coal: Pennsylvania-based PBS Coals is idling two mines and laying off 138 employees. The announcement comes five months after PBS laid off a quarter of its workforce.
A company official did not immediately return a call for comment on the announcement it is idling the Roytown and Hart mines about 60 miles southeast of Pittsburgh.
But in a news release, the company again blamed softening demand for coal and tightening U.S. Environmental Protection Agency regulations for the layoffs.
Company President and CEO D. Lynn Shanks says “escalating costs and uncertainty generated by recently advanced EPA regulations and interpretations have created a challenging business climate for the entire coal industry.”