Peabody to cut 235 jobs

Peabody Energy Corp. plans to cut 235 jobs at a mine it operates in the Powder River Basin.

The layoffs at the North Antelope Rochelle Mine in Wyoming would leave about 1,150 employees working there.

"While our asset position and contracting strategies give us relative strength, we are taking these actions to match production with customer demand," Kemal Williamson, Peabody president of the Americas, said in a statement. "We regret the impact of these actions on our employees, their families and the surrounding communities."

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