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President of Poland signs an amendment important for JSW

President Karol Nawrocki signed an amendment to the Act on the System of Development Institutions, which will enable the Industrial Development Agency (ARP) to grant loans to strategic enterprises, primarily Jastrzębska Spółka Węglowa. The new regulations are intended to help the Company maintain its financial liquidity and carry out restructuring measures.

The main objective of the amendment is to establish a legal framework for providing financial support to companies of significant importance to the national economy that are facing economic difficulties. Among them, JSW holds a prominent position – it is the largest producer of coking coal in the European Union and one of the leading producers of coke used in steelmaking.

Under the new regulations, loans from ARP may be used to reorganize companies, reduce operating costs and optimize organizational structures. To receive support, the company must submit a remedy program and demonstrate its ability to repay its debts.

Last fall, JSW’s management board announced that, without the implementation of anti-crisis measures, the Company could face a loss of financial liquidity as early as March 2026. In response, a restructuring plan was developed that includes cost cuts and a simplification of the JSW Group’s structure.

As part of its restructuring efforts, in February 2026, JSW also reached an agreement with the trade unions regarding the reduction of labor costs. In addition, in March, ARP acquired two subsidiaries from JSW – Przedsiębiorstwo Budowy Szybów and Jastrzębskie Zakłady Remontowe – for more than PLN 1 billion. The proceeds from the transaction are intended to support the implementation of the JSW Group’s restructuring plan.