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Murray Energy CEO Robert Murray on the company’s decision to lay off employees after Obama’s election to a second term.
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Horror well they threatened they said if a Barack Obama reelected it wouldn't only be bad for business it would be bad for jobs and -- I have to start laying off people.
Well Murray energy.
CEO Robert Barry laying off a 156 people after the president won reelection.
And -- so -- sent out -- -- was happening quote here.
Lord please forgive me and anyone with -- -- energy corporation for the decision that we are now forced to make to preserve the very existence of any.
Of the enterprises that you have helped us build.
Emergence on the phone right now.
How many people's have to lay offs.
So far -- and good afternoon -- a bit about just.
300.
Perhaps about to -- only 8% of our organization so far but it's just beginning.
-- you would warned that this might come to pass.
That the president and his energy policy being yet I called being in our fossil fuel.
That that you would have a very tough time just.
Continuing operations as they are in in in light of that kind of a policy -- but but -- -- very few thought you'd act on that why did you.
It's well.
They -- me -- no choice.
We're going to see reduced economic activity in America we're gonna suit or C reduced electric power consumption.
We're gonna see drastically removed -- reduced coal markets.
There -- twelve regulations right now that the Obama administration has in the US CPA.
Ready to an actor he was holding it until after the election.
Three of those according to -- you have been -- cost the American taxpayers 600 billion dollars.
Just three of the twelve plus are also regulations and -- department of interior Department of Labor.
-- are awaiting your provocations so.
There's nothing -- that I can do but try to.
Preserves.
-- what business enterprise we have left and what -- actually.
It is it is going to.
The president need to Diaz an enterprise to exist and it in the vehicle marketplace that is upon us -- short term had a long term.
Robert is there -- any thing in the president's.
Home including his comments and east room today saying he's looking for bipartisan compromise and getting us -- this fiscal -- That makes you think that he could change his.
His energy stance that when he says he's open to all forms of energy.
He's not just sort of -- giving you lip service that -- serious that it might be a new tone that he might be.
A bigger president in this regard then in his first four years.
Gmail I have kind of watched -- president carefully.
And monitored.
His statements -- very carefully for the last year he's an absolute -- -- -- comes to the coal industry are subject that I know.
Here it is a man that is not fit to to guide this country and he is a -- That will continue the policies Citi has.
I -- -- remarkable Robert that in those states where this is a big issue.
In Ohio in Pennsylvania.
You want it in Pennsylvania is KC one comfortable.
Of course you -- and I had to answer your question -- I have no hope whatsoever from.
Saying misstatements in the last year and turn -- -- Democrats is supporting him.
Regarding coal subject and I do know.
That they were false statements didn't -- and I have no hope whatsoever that the -- -- do anything but continue the course of action.
Then he embarked on for years ago and any rational person -- still believe that the -- certain.
I have had to do what I that it do disabled as many jobs can Murray energy and engaged to save this corporation -- -- -- Analyst what is your employees is like -- and and that is what they have forced upon me I have no hope whatsoever in that individual.
Doing the right things for America.
So.
This could be just the start and other words these folks who you.
If you want to do you announced we gonna lay off more could follow.
Oh I think it will follow -- -- In my statement of my staff here.
And in my prayer -- -- touched on that that.
This is just -- beginning of a decline of economic activity spat which will affect our industry very early on -- because.
We supply the fuel that's -- -- -- and it's.
And are very susceptible to being influenced.
In terms of our markets when there's increases or decreases in economic activity in America -- -- a Bellwether.
What -- the canary in the mind.
-- literally.
Already.
Will watch closely about always good talking do regardless thank you very much thank -- -- --
