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iiiiiiiiiiiiiiiiiii <br />999 <br />~1 <br />- <br />- "T7 17 -60T 3irZ[f778-- <br />DIU. pf nINERALS t 6EOL06 I <br />Raan us <br />1313 SHERIIAR ST <br />DERVER CO 80203 <br />i <br />iretM wln Var~ly <br />eaten dve, <br />tee popes 1Q11. <br />Oglluary, <br />-see pope 1. <br />Sena dine to reduce ~+ce <br />By HBATHEB A. 8B3Z <br />SteH writer "" <br />be eminent deregulation <br />of the electric utility <br />industry is precipitating <br />yet another "reduction in Force." <br />Officials from the Peabody <br />Western Caal Company, the <br />company that owns Seneca Ccal <br />Company near Hayden, <br />announced today that an early <br />retirement program has been <br />offered to salaried employees at <br />its three business units. <br />About 50 total employees of <br />the Seneca Coal Company, Big <br />Sky Coel Company in Montane <br />and the Flagstaff, Ariz. head- <br />quarters will be eligible to par- <br />ticipate in the program. <br />Peabody Western president <br />Howard Cereon said "This pro- <br />gram is being of[ered in order to <br />minimize the number of invol- <br />untary staff reductions which <br />ere necessary as we improve our <br />cost structure to prepare for the <br />deregulation of the electric util- <br />ity industry, coal's major cus- <br />tomer. <br />`Our utility customers ere <br />entering a period of intense <br />competition, and we are improv- <br />ing our competitiveness in order <br />that we can continue to serve <br />them." <br />Peabody Western employe <br />about 325 salaried and B00 <br />hourly workers sad is a unit of <br />Peabody Holding Company, Inc. <br />St. Louie, the nation's largest <br />coal producer and marketer. <br />e r <br />