The total estimated positive effect of the labor costs reduction for the years 2016-2018 under the agreement and the agreement of February 2015 will amount to approx. 2 billion zł.
According to the agreement, JSW employees will receive a fair share of the 14th salary for 2014 year till the end of this week and the second part of coal equivalent - at the end of October 2015. Barbórka Award ( financial bonus) for the year 2015 will be paid in two equal installments - up to 4 December 2015 and up to 1 March 2016.
The agreement was concluded for a period of three years. Since 2016 there will be no 14 salary and coal equivalent, what is more, administration employees and those with whom during the financial period the employer has terminated the employment contract will not be entitled to Barbórka Award.
