235 people will go to Borynia Section, 339 to Zofiówka Section, 504 employees to Pniówek, 366 to Budryk and two persons to the Head Office Building. 360 people declared their desire to leave mining and have the one-time severance payment.
The transfer process of Krupiński to the Mines Restructuring Company entered a decisive phase and runs without major problems. According to the schedule, the transfer of Krupiński assets to MRC is to end March 31, 2017.
Allocation of employees is carried out on the basis of mutual agreement. The transition between the JSW mines does not mean that it is exempt from the one, and employed in other mines. No employee receives a new contract, but only an annex to the current agreement. The same contract of employment still applies.
All Krupiński employees who have been and will be transferred to other mines of the company have the guarantees of employment pursuant to the Agreement concluded on May 5,2011.
Transfer of Krupiński mine to MRC it was one of the conditions of the agreement signed on August 29, 2016 between JSW Management and the Bondholders on repayment of bonds in the amount of approx. PLN 1.3 billion. It has been agreed to cut the original amount of the repayment of the bonds in the initial period and extending the repayment period by five years, until 2025.
Over the last 10 years Krupiński mine brought over a billion PLN loss. We analyzed a number of scenarios for the mine. None of the eight independent studies conducted by the company, gives a chance for profitable and stable mining of Krupiński even at very high prices of coal. Keeping Krupiński in the structures of the company till 2021 would cost JSW - according to different studies, from 300 to over 520 million PLN.
