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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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A referendum on the Draft Suspension Memorandum of Agreement to be held at JSW

Jastrzębska Spółka Węglowa S.A. announces the completion of negotiations and agreement on the terms and conditions for the Draft Suspension Memorandum of Agreement. The Memorandum of Agreement will aim to introduce temporary changes to the terms and conditions of…

 Information on communicating the progress of negotiations at JSW S.A.

The Management Board of JSW S.A. and Representative Trade Union Organizations announce that until the talks are concluded they will not comment on their progress or on the speculations appearing in the public domain.

 Statement by the JSW S.A. Management Board

In response to the publications by one of the representative trade union organizations, the JSW S.A. Management Board hereby reports that it is ready to immediately resume talks and continue working on the draft agreement, which has been worked on jointly with the trade…

 Suspension of talks with the trade unions

Representative trade union organizations, citing media reports containing statements by the Speaker of the Sejm of the Republic of Poland, Włodzimierz Czarzasty, have significantly changed their negotiating position.

 Talks at JSW will continue

Monday's meeting between representatives of the JSW S.A. Management Board and representative trade union organizations, held with the participation of Deputy Minister of State Assets Grzegorz Wrona, will continue on Tuesday, 27 January.

 Update regarding the ongoing talks with the trade union organizations

JSW SA reports that the Company’s Management Board’s meeting scheduled for tomorrow (January 23) with the representative trade unions and the participation of Deputy Minister of State Assets Grzegorz Wrona has been rescheduled to be held on Monday, January 26.
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