Colowyo Coal Co. to cut jobs by 10 percent

Because of lower anticipated coal production, Colowyo Coal Co. will cut 10 percent of its employment by the second quarter of 2010.

In a news release issued Friday, Colowyo officials said the pending cuts will be reached by a combination of “attrition and voluntary separations.”

If necessary, the company will lay off employees to reach the levels they need to achieve, according to the news release.

By the second quarter, the company will employ 270 to 280 people.

The cutbacks come as a result of declining coal sales this year, the company reported. In the first nine months of 2009, the company produced 2.7 million tons of coal.

In 2010 and beyond, Colowyo anticipates selling only 2.5 million tons per year.

From 1994 to 2008, Colowyo sold between 4.5 million and 6.4 million tons of coal.

Colowyo Coal Co. operates a coal mine on Colorado Highway 13 south of Craig. The mine has been continuously producing coal since 1977.

“Colowyo has large, high-quality coal resources, but it does not currently have adequate customer commitments to make the significant investments needed to convert such resources to reserves and to access these resources,” the news release said.

Comments

CindyLou 4 years, 4 months ago

Wow, cutting 30 or so jobs that pay what they do is a big deal. That is more than 1.5 million in wages that this town will do with out. If they all have kids and move away we could see 50-60 kids less in the schools next year. That's about $250,000 less in funding for our school district, which would result in few teachers. Total loss to the community could be pretty big.

I wouldn't mind paying $4 bucks a gallon for fuel and higher energy bills if it stabilized our economy.

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lonelyone 4 years, 4 months ago

I'm hoping that the cuts are made through those that are ready to retire or old enough that they want to move on to something else. If that is the case then HOPEFULLY it won't affect the schools which would affect the funding which would affect the teachers jobs. But if it does, a person can only afford to pay more in gas and energy bills for so long to make up for it. There are too many others out there who are hurting too.

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GreyStone 4 years, 4 months ago

Before his election, Obama explained that electricity bills would “skyrocket” under his Administration, but the press by and large wasn’t interested in reporting it.

Proposed “cap-and-trade” carbon tax on energy use may increase annual utility bills $1,800 under President Obama’s new energy plan.

Colowyo Coal Co. will cut 10 percent of its employment in anticipation of less energy use and more restrictions on the energy industry by the EPA which will have direct implications on jobs and living standards in Moffat County… I think.

Environmentalists claim it’s necessary to halt global warming even though the Earth is actually cooling. Americans are about to pay dearly for global warming hysteria through loss of jobs, higher utility bills.

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John Kinkaid 4 years, 4 months ago

Check out these links:

http://online.wsj.com/article/SB126013960013179181.html?mod=WSJ_hpp_LEFTTopStories

http://www.foxnews.com/opinion/2009/12/07/phil-kerpen-epa-clean-air-act/

Yes, you will be paying dearly for energy. But the mines will cut back more or just close. If the power plant has to cut electricity production, expect rationing in one form or another. Everything that you buy will cost more, based on flawed science and judgement. Many businesses here will close. Necessary services will downsize (not just the school district). Property taxes may cause you to lose your home. Seniors have already lost their property tax exemption.

But all that is being jammed through Congress and the Administration isn't really about cleaner air or helping people to be able to live longer through medical care.

President Obama means what he says. Before election day: "We are five days away from fundamentally changing the United States of America." We thought that he meant it in a nice way. Again, during the campaign: "Under my energy plan, electricity prices will necessarily skyrocket." That one didn't get much news coverage.

We are monetizing our federal debt (printing more money). The dollar is about to collapse. The dollar will not be the world's reserve currency anymore. Foreign governments don't think that we can be relied upon anymore to be stable. We are a hair's breath from the Greatest Depression. The Chinese government lectured Obama, during his trip to China, about implementing socialized medicine. They are that worried about us defaulting on our loans from them. It's ironic! A communist country lecturing us not to socialize our medical system.

One of my sons works as a coal miner. It's the first job that he has ever had with benefits. He is working to pay off his student loans and credit card debt. Paying more for electricity isn't going to save his job. Reducing electrical output (CO2) isn't going to save his job.

But the Obama administration doesn't really care about American jobs (no President has from Bush 41on). We buy stuff from China, instead. Wind turbines are made in China.

This is about power and control over people's lives. It's about collapsing our economy and our form of government.

I know that this sounds crazy radical, but in your gut, don't things seem somehow wrong. "Cash for Caulking" from the jobs summit last week. This is how they are going to lower unemployment? Seriously?

Lower taxes, spend less, let bad businesses fail, no more bailouts with our money and get out of the way of the business sector with excessive and poorly thought out regulations.

BTW......I would love to be wrong.

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j4mom7 4 years, 4 months ago

Jason's right, folks. Read the writing on the wall. I, too, have a son working at the mine and I fear for him. He and his family do not live extravagantly. He's just trying to earn a living, in this valley, in this economy, and take care of his family, just like so many of us are. I usually have a tendancy to see the glass as half full, but in these times, with this government, it's getting harder and harder to be positive and hopeful. I like my freedoms and I love my country, and I truely believe if the "parts" were allowed to learn from their mistakes and rebuild and regrow, then our country as a "whole" would find its strength and prosperity again. A government controlling us is not what we need. We need to control ourselves and expand our own horizons and lift ourselves up. Our government should facilitate and guide that process, not be a jackboot that stifles it.

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GreyStone 4 years, 4 months ago

Professional politicians seem to be the cause of our problems, not the answer.

Term limits on all politicians should be at the top of our list of reforms.

Looking at our government today we have a system governed by a nest of tyrannical nobles, multimillionaires, a string of presidential family dynasties, Kennedy, Bush, Clinton, Bush, almost Clinton …

Voter apathy is another problem we need to face… 11 % voter turnout in most elections in Moffat county, not good.

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als362 4 years, 4 months ago

To stop the influx of foreign made products. Everyone needs to call and write thier congressmen and senators and urge them to propose legislation that states simply, if you want to sell it in America, you need to make it in America.
The way things are now, if we were involved in another world war, we would lose hands down.
One of the main reasons we won World War 2 is because we were able to send so much war material across the ocean that the enemy was completely overwhelmed by it. Hitler himself was heard to say that he could not understand how The United States could bring so much to the battle field. Goods made in America means jobs in America without spending trillions of dollars in vain attempts to fool people into thinking that the economy is getting better.

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slipknot 4 years, 4 months ago

I've been waiting for a while to do this. Everyone who voted for Obama get together and hold a feel good day. I wonder how many of you are losing your jobs at ColoWyo or how many will still have one there, and if you can live with yourselves? You can't blame this one all on the Republicans

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