Bloomberg reported that Consol Energy (NYSE:CNX) is preparing to idle its West Virginia-based Fola complex.
As quoted in the market news:
The company will start laying off about 318 workers starting Aug. 30, Pittsburgh-based Consol said in a statement today. The move will reduce its 2012 production by 800,000 tons. Consol said the “direct economic impact” of Fola is $165 million a year.