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Pittsburgh’s Kennametal cutting 1,000 in drilling slowdown

Oil below $40 forces Texas driller into bankruptcy

PITTSBURGH (AP) — Pittsburgh-based Kennametal Inc. says it’s cutting 1,000 jobs over the next 15 months, citing weak demand for the coal-mining and gas-drilling cutting tools it makes. The company announced the cuts to its 12,000-strong workforce on Monday, but didn’t say what facilities will be affected. Kennametal had more than 14,000 employees, including 5,000 in the United States, just ...

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Talen Energy laying off 131 workers at Pennsylvania sites

Talen Energy nuclear power

BERWICK, Pa. (AP) — Talen Energy plans to cut 53 jobs at a central Pennsylvania nuclear power plant, and dozens of other jobs at other facilities around the state. Company spokesman Todd Martin says the jobs will be cut at the Susquehanna Power Plant in Salem Township, near Berwick. That’s about 80 miles northeast of Harrisburg. Another seven workers who ...

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Philadelphia airport workers vote to strike during DNC

airport strike

PHILADELPHIA (AP) — Workers at Philadelphia International Airport have voted overwhelmingly to walk off the job during the Democratic National Convention later this month. The union that’s trying to organize baggage handlers, wheelchair attendants and other workers says the 461-5 vote took place Tuesday night out of 500 on shift participating. About 1,000 employees work for subcontractors hired by airlines. ...

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What the Dallas Fed Quarterly Report means for Eagle Ford shale jobs

eagle ford, jobs

On June 29th the latest quarterly report released by the Federal Reserve Bank of Dallas addressed the capital spending, costs, production levels, employment and overall current business activities of energy companies from Louisiana, New Mexico and Texas. From approximately 200 gas and oil companies surveyed, 42 percent stated that they expect their employment levels to remain consistent with those of ...

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UW offering scholarships for laid off coal workers

Image: Jan Truter via Flickr

LARAMIE, Wyo. (AP) — The University of Wyoming College of Engineering and Applied Science has created a new scholarship fund for displaced coal workers after hundreds of Wyoming coal miners were laid off in recent months. Ten scholarships at $1,500 apiece for one academic year are being offered. The scholarship is a one-time award, but it can be applied for ...

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Shell to cut at least another 2,200 jobs globally

Shell expects 4th Q profits to drop at least 40 percent

LONDON (AP) — Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry. The losses are in addition to cuts already being implemented because of the energy company’s merger with BG. The losses will include some 475 positions in the North Sea. Oil companies around the world are ...

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Trump’s vow to create Appalachian coal jobs

coal jobs, Donald Trump

DALLAS (AP) — Donald Trump says he would bring back lost coal jobs, and he is positioning for the November election in big coal states by portraying Hillary Clinton as a job killer. Trump, however, has yet to explain exactly how he will revitalize Appalachia’s coal industry. To pull it off, he will have to overcome market forces and a ...

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Layoffs: Are they really the answer to your financial woes?

job cuts, layoffs, scissors

The energy industry has found itself in a time of financial hardship as oil prices have drastically dropped since the end of 2014. In order to avoid filing bankruptcy, leadership has taken a reactive step to the situation. This style of management speaks to leadership’s strategy, or lack thereof. The oil and gas industry is an industry with a cyclical ...

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Wyoming recruits unemployed energy workers for prison jobs

Prison walls, barbed wire and guard tower. (Image: Matthias Muller via Flickr)

CHEYENNE, Wyo. (AP) — The state of Wyoming is encouraging workers who recently have lost their jobs in the state’s energy industry to consider applying for vacant state positions including prison jobs with the state Department of Corrections. Gov. Matt Mead says more than 2,400 state residents have lost jobs in the state’s energy industries since January. The state has ...

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