FRANKFORT, Ky. (June 21, 2012) “We are extremely disappointed and disheartened by the announcement from Arch Coal today, as we know the announcement of significant layoffs in Kentucky is devastating news for hundreds of Kentucky families.
I have authorized the mobilization of our Education and Workforce Development Cabinet’s Rapid Response Teams to assist these employees in the transition from their jobs to beginning a search for new work, starting new workforce training or enrolling in classes to prepare them for the next stage of their careers. These teams will also ensure the families are aware of assistance available from state and federal services during this difficult time. We will adapt the roles and services of these teams as needed to make certain that our affected families are equipped to handle this challenge.
As unfortunate as this news is, it cannot be said that it was wholly unexpected. Demand for coal is at a 20-year low, thanks to a rapidly shifting energy market and high inventory. Unpredictable federal regulation processes have also hindered legal mining efforts, and we will continue to fight the unfair regulatory changes that effectively delay or halt our mining projects.”