The Pittsburgh-based producer has planned 180 furloughs on the coal side, and 290 from its natural gas and corporate divisions.

No specified mines, facilities or locations were released, but spokesman Brian Aiello called the move an “aggressive action” that is part of a continuous evaluation of its activity levels.

“[It was done] so that CONSOL can continue to operate from a position of strength through the downturn and quickly capitalize on the upcycle when it occurs,” he said.

 

The producer sold several of its underground mines, facilities and assets to Murray Energy Corp. in late 2013.

Last month, CONSOL confirmed it would end retiree benefits for about 4,400 of its former employees by the end of this year. The decision was a planned one, but it had previously been slated to take place by 2019.