Peabody Energy to lay off 250, close Gillette, Wyoming office

Peabody Energy, the largest private coal company in the world, is cutting 250 corporate positions and is closing its office in Gillette.

The Casper Star-Tribune reports the layoffs amount to about 25 percent of the St. Louis-based company’s corporate and regional support positions and follow a prolonged period of low prices. Peabody says it expects the reduction will save between $40 million and $45 million annually.

Full Story: http://helenair.com/news/state-and-regional/peabody-energy-to-lay-off-close-gillette-office/article_48c49a58-963e-5922-9559-20942d964987.html