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JSW S.A. and the Ministry of Energy have signed an agreement regarding the implementation of a program providing one-off cash severance payments to the Company’s employees

Jastrzębska Spółka Węglowa has entered into a subsidy agreement with the Ministry of Energy, thanks to which the Company’s employees will be able to begin receiving the one-off cash severance payments provided for in the amended Act on the Functioning of the Hard Coal Mining Industry in the coming days.

 

Under the amendment to the act, individuals with at least three years of service who decide to permanently leave the hard coal mining sector will be eligible for the one-off cash severance pay program. At JSW, 1,156 employees will be eligible to participate in the program, and the severance pay has been set at 170,000 PLN.

The safety net program, which includes both one-off cash severance payments and mining leaves, is part of the hard coal mining sector transformation process and will be implemented from 2026 to 2031. It enables the transformation process to be carried out in a socially responsible manner, taking into account the challenges currently facing the Polish hard coal mining sector.

The measures outlined in the program are funded from the state budget. A total of 4,248 employees will be covered by the program, and its estimated cost will be approximately PLN 500 million.