The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05.1 - Mining of hard coal
1,194 jobs Number of planned job losses
Announcement Date
21 July 2016
Employment effect (start)
Foreseen end date
31 December 2016
Description
Jastrzębska Spółka Węglowa (JSW), a coal mining company, has announced that it will cut more jobs than it initially declared in April 2016. Currently, the company plans to cut 2,794 jobs via voluntary dismissal programme meaning that 1,194 additional positions will be cut. In April 2016, the company announced that its subsidiary Ruch Jas-Mos will be transferred to Spółka Restrukturyzacji Kopalń and it will involve about 1,600 jobs cut. Now, the programme will cover also employees from other company’s subsidiaries. According to the restructuring programme, 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 23,500 people.
Sources
21 July 2016: Wirtualny Nowy Przemysł
21 July 2016: Polskie Radio
Citation
Eurofound (2016), Jastrzębska Spółka Węglowa, Internal restructuring in Poland, factsheet number 88312, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88312.
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