Peabody Energy cutting staff

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ST. LOUIS (KPLR) – St. Louis based Peabody Energy is cutting 250 corporate and regional jobs. Peabody says  its taking the step to lower costs and that  will save $40 to $45 million dollars per year.

It’s not clear exactly how many people will lose their jobs in St. Louis.

Offices in Evansville, Indiana and Gillette, Wyoming are also closing.

Most of the cuts will happen by the end of the month.