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Anadarko Cuts 1,000 Jobs as It Idles Drilling Rigs, Sells Assets

2016-03-11 13:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Anadarko Petroleum Corp. is shrinking its workforce in the latest step to cope with a collapse in oil and gas prices, following plans to park rigs, slash dividends and sell assets. The third-largest U.S. natural gas producer is laying off about 1,000 workers, roughly a 17 percent reduction, said company spokesman John Christiansen. The move will affect departments throughout the organization, he said. "Weve been very carefully evaluating what our staffing levels should be, given the current...

Tags: jobs assets cuts sells

 

SDI idles Minnesota iron ore operations

2015-05-29 16:00:41| Steel - Topix.net

Steel Dynamics Inc. , Fort Wayne, Indiana, has announced plans to idle its Minnesota ironmaking operations indefinitely. The operations affected by the shutdown include a jointly owned iron concentrate production facility called Mining Resources and a jointly owned iron nugget production facility called Mesabi Nugget.

Tags: operations iron minnesota ore

 
 

Indiana-based Steel Dynamics idles 2 Minnesota operations, cuts 200 jobs

2015-05-26 22:47:26| Steel - Topix.net

Keurig's new system was designed to block people from brewing coffee pods from other brands, and despite an overwhelmingly negative response from consumers, the company maintained that implementing this system was a good idea. But now they're singing a different tune.

Tags: jobs operations steel minnesota

 

ISA idles auto shredder

2015-05-15 02:20:41| Waste Management - Topix.net

The scrap metal recycling company Industrial Services of America Inc. , headquartered in Louisville, Kentucky, has announced it is idling its auto shredder in Louisville, effective immediately. In making the announcement, the company says the "warm" idle is in response to current market conditions, primarily related to ferrous price volatility and lower ferrous volumes.

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Patriot Coal idles 2 W.Va. mines, eliminates 35 positions

2015-03-24 07:39:44| Energy - Topix.net

The company says it's idling the Samples surface mine and Winchester underground mine because of high coal inventory levels. Patriot attributes the high levels to the CSX railroad service disruption last month and diminished demand for coal.

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