Layoffs, Losses Continue in Coal Industry

The article is about the Layoffs and Losses Continue in Coal Industry. The U.S. coal industry has been struggling in recent years. Mining companies are getting crushed by rising costs, new pollution rules and competition from cheap natural gas. Mass layoffs are ticked up of late. There are a few big issues here: First, the United Mineworkers of America?s pension plan, which was established in 1974 and covers more than 100,000 retired miners, is seriously underfunded.

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Layoffs and Losses Continue in Coal Industry

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