Tuesday, July 24, 2012

Coal Companies Announce Layoffs, Blame Obama Administration

Obama and his MARXIST CREW are doing a GREAT JOB Trying to DESTROY Our economy! WAKE UP AMERICA HE DOES NOT LIKE THE U.S.A. !

By Caroline May The Daily Caller

Pointing their fingers in part at regulations the Obama administration has imposed on their industry, two coal companies announced layoffs Friday.

Pennsylvania’s PBS Coals Inc. and the affiliated RoxCoal Inc. announced that they would idle some of their deep and surface mines, laying off 225 employees in the process.

“Both the foreign and domestic coal markets remain soft due to weak economic growth and activity,” PBS Coals president and CEO D. Lynn Shanks explained in a statement. “Additionally, the escalating costs and uncertainty generated by recently advanced EPA regulations and interpretations have created a challenging business climate for the entire coal industry.”

Read the Full Story at dailycaller

http://nation.foxnews.com/coal-industry/2012/07/24/coal-companies-announce-layoffs-blame-obama-administration#ixzz21YL7JBIQ