Management efficiency and the introduction of cost-cutting measures were the subject of a meeting on 21 January in Jastrzębie-Zdrój between representatives of JSW's management board and the management boards of its subsidiaries.
The Group's financial results are made up of the results of all Group companies, so it is unacceptable that some companies do not follow the cost rationalization policy, maintain good results thanks to contracts with the parent company and do not look for opportunities to reduce operating costs as well as other sources of income beyond contracts with JSW.
The management boards of subsidiaries are expected to introduce measures to increase revenues from contracts outside the group and reduce the costs of day-to-day operations. A special role has been assigned to companies that have satisfactory profits, cash reserves and good liquidity thanks to their contracts with JSW.
A decision has been made to appoint a team consisting of representatives of JSW and its subsidiaries to develop further initiatives to improve the liquidity position of the JSW Group.
