Tuesday, July 12, 2011

Cliffs Natural Resources To Lay Off 419 workers in Pineville, W.V.

Cliffs Natural Resources has said in a WARN filing that it will lay off 419 workers in Pineville, W.V.

Cliffs Natural Resources application to pump inert gas into an idled  West Virginia coal mine has recently been denied by federal regulators.  The mine has been idled by elevated carbon monoxide readings. Cliffs Natural Resources said that is appealing the denial of the plan for the Pinnacle Mine.  The company is also evaluating other options for the mine.

Cliffs Natural Resources Inc. is an international mining and natural resources company.  The Company is a producer of iron ore pellets in North America and metallurgical coal, and a supplier of direct-shipping lump and fines iron ore out of Australia.

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The Plant Prospector is a weekly e-mail service that identifies national, regional, and local plants and businesses in transition through layoffs, closings, and work force reductions. A reduction in the number of employees is an indication of a current or imminent change in the operations of an enterprise and is invaluable in identifying companies including private firms, small public companies, and subsidiaries of major corporations that are in flux. Plant Prospector is an ideal prospecting tool for firms that provide services to businesses in transition, such as temporary employment agencies and outplacement firms, and for companies whose business may be affected by change, such as suppliers, professional firms, and insurance companies.

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