Search on
News Title
News Details
Reports/Directory
Glossary
Title_head
Coal mining layoffs have domino effect on businesses
255 times viewed.
Friday, 20 Jul 2012
EmailButton
Pdf_button

WSAZ reported that the loss of thousands of jobs in the area is having a domino effect on local business. So far this year, WSAZ.com has reported nearly 2,000 job losses in the coal industry.

Mr Stan Morgan owns the Radio Shack in Logan. He said that business is down 16% from this time last year. He attributes the loss in revenue to the loss of mining jobs.

A customer said to Morgan that “Without the mining jobs we're gonna be a ghost town.”

Mr David Dean the owner of Tri-County Reality in Chapmanville said that “This is normally one of our better times going into the fall and it's been quite slow.”

Mr Dean said that his business is down 35 to 40% compared to last year. He said that “Homes are people’s lives. Homes are our community. That's the cornerstone of every community; owning a home.”

However, that American dream is turning into a nightmare. Every time more layoffs are announced more deals fall through the cracks. The impact can be felt all around.

Source - www.wsaz.com

(www.coalguru.com)

Get best prices for Galvanized Beams
Steel Pipes Fittings
Steel ball supplier
We also deal in aluminum products like Aluminum Extrusion Profiles

This is alternative content.

/
More Raw Material News