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St. Louis Based Peabody Energy plans to cut 450 jobs at Australian coal mines.

The St.  Louis Business Journal reports along with Switzerland-based coal company Glencore Xstrata, a combined 500 mining jobs in Australia will be cut as global coal supplies push down prices.

The cuts will take place over the coming weeks across Peabody's operations in Queensland and New South Wales, where it mines both coking and thermal coal.

Prices for coking coal, used in steel making, have fallen about 40 percent in the last year while prices for thermal coal, used in power generation, have dropped 30 percent in the last two years, according to the news agency.

St. Louis-based Peabody Energy (NYSE: BTU), the world's largest private-sector coal company, reported a loss of $575.1 million in fiscal 2012, on revenue of $8.1 billion.

 

 

 

Published in Local News

Mercy's hospital system is consolidating its physician clinic business office functions and with that comes job cuts.

The Chesterfield-based hospital system announced is cutting 70 jobs--19 here in St. Louis, the rest in Springfield, Mo., and  Oklahoma City. 

Mercy said it's trying to place eligible employees in open positions elsewhere within the company. Severance is being provided to employees based on their length of employment. 

"Mercy’s revenue management division recently completed a consolidation of its hospital and physician clinic business office functions," Mercy said in a statement. "By bringing these teams together, the division will be able to achieve some of the patient satisfaction goals that Mercy has long been working toward, from creating a combined statement covering both hospital and clinic bills, to establishing a single phone number for scheduling appointments." 

Mercy operates 32 hospitals and 300 outpatient facilities in Arkansas, Kansas, Missouri and Oklahoma, and has 38,000 employees. 

Published in Local News

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