GILLETTE - Peabody Energy has announced that it is freezing all hiring and recruiting at its three Wyoming coal mines.
CEO Greg Boyce told employees about the hiring freeze in a letter Tuesday. He also says Peabody will re-evaluate all capital projects and that many of those projects will be deferred or canceled.
Boyce said the St. Louis-based company continues to have a solid business strategy and is planning for long-term success. Peabody officials declined to comment on the letter.
The company operates the Rawhide, Caballo and North Antelope Rochelle coal mines in northeast Wyoming's Powder River Basin.