The producer told the Associated Press “depressed market conditions” had resulted in its plan to match production to expected sales in 2013.
“This was a difficult decision and we hope these reductions are temporary,” officials said.
“If the market recovers, we hope to reinstate these employees in the future.”
The three underground mines at the Perry County Coal complex would continue to operate with reduced staffing, the producer said.
Local newspaper the Hazard Herald put the job loss crunch in that region into perspective by noting that in the property’s home area of Perry County, the unemployment rate has been about 13% for the past several months.
According to Teco, Perry County Coal has both surface and underground mines.
It also operated a 1350 ton per hour preparation plant and two unit train load-outs capable of loading up to 5000tph.