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Partial release of JSW’s debt

By virtue of a decision by the Polish Development Fund, more than half of the preferential loan granted at the end of last year to Jastrzębska Spółka Węglowa under the government-sponsored program Financial Shield of the Polish Development Fund for Large Companies has been forgiven.

In December 2020, JSW obtained a PLN 173.6 million preferential loan. The Polish Development Fund has decided that part of this loan in the amount of PLN 89,175,000 will be forgiven.

In accordance with the rules of the Financial Shield of the Polish Development Fund for Large Companies, a maximum of 75 percent of what has been defined as the actual damage caused by the COVID-19 pandemic may be forgiven. The forgiveness has been granted at the request of JSW, whereas the decision on the amount to be forgiven is made in each case by the Polish Development Fund.

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The JSW Management Board has asked the Company’s trade unions to select joint representatives to work out a salary agreement

Jastrzębska Spółka Węglowa S.A. has sent a request to all 82 trade union organizations operating in the Company to select joint trade union representation and to respond to a draft agreement concerning the temporary suspension of selected payroll benefits.

 Cooling for the entire mine

Three technological halls, closed-loop water circulation, and an oil-fired boiler room as a backup heat source. These are the features of the air conditioning station which will provide cooling for the Knurów mine workings in the coming months. The performance of the…

 Open letter to Representative Trade Union Organizations operating at JSW SA

Dear Sirs/Madams,

On Tuesday, 30 December, another round of talks took place. Unfortunately, it has still not been possible to reach an agreement between the Management Board and the trade unions. We strongly urge you once again to be open to reaching a compromise and…

 Talks between the JSW SA Management Board and the trade unions without agreement

(UPTADE) The talks between the JSW SA Management Board and the trade unions concerning the need to temporarily reduce labor costs in the Company ended without reaching an agreement. The JSW SA Management Board remains determined to continue the dialogue and work out…

 Rescue operation in KWK Pniówek completed

(UPDATE) After seven hours of rescue efforts, rescue workers reached two missing miners with whom contact had been lost after a methane leak in the N-9 working face at a depth of 830 meters. Unfortunately, the doctor pronounced them dead. Both miners were experienced…

 Strategic investment in Pniówek completed

December saw the completion of one of the most important investments in the history of the Pniówek mine. The deepening of Shaft III to a depth of 1,053 meters and the commissioning of the new level 1,000 is a landmark stage in improving safety, transport efficiency and…
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