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Peabody to lay off 250 employees, including 50 in St. Louis
Peabody Energy is cutting about 250 corporate and regional positions.
The St. Louis-based company’s President and CEO Glenn Kellow made the announcement on Monday. The company expects to save $40- 45 million annually after the cuts go into effect.
"While we regret the impact that these actions have on employees, their families and communities, today’s announcement represents another necessary step to drive the company lower on the cost curve," said Kellow in a statement.
http://news.stlpublicradio.org/post/peabody-lay-250-employees-including-50-st-louis
