Type
Internal restructuring
Country
Poland
Region
Poludniowy; Slaskie; Rybnicko-jastrzebski
Location of affected unit(s)
Jastrzębie-Zdrój
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05.10 - Mining of hard coal

1,600 jobs
Number of planned job losses
Job loss
Announcement Date
29 April 2016
Employment effect (start)
Foreseen end date
31 December 2016

Description

Jastrzębska Spółka Węglowa (JSW), a coal mining company, has announced that its subsidiary Ruch Jas-Mos will be transferred to Spółka Restrukturyzacji Kopalń (SRK). The restructuring programme involves about 1,600 jobs cut in 2016.  Redundant workers will receive a severance pay. The programme is a part of larger restructuring plans aiming at increasing financial effectiveness as the company is facing financial problems resulting from the crisis in Poland’s coal-mining industry. 

Spółka Restrukturyzacji Kopalń is an entity which manages the process of closing down mining companies, including managing of the assets of liquidated mines.

Jastrzębska Spółka Węglowa employs about 24,000 people.


Sources

Citation

Eurofound (2016), Jastrzębska Spółka Węglowa, Internal restructuring in Poland, factsheet number 87475, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87475.