Jastrzębska Węglowa /JSW is simply a mining giant, 1 of the fewer plants in the European Union producing high-quality coke coal. Coke coal is essential for the production of steel, it besides applies in the agricultural, limestone and another industries. Currently, a company that employs about 30,000 employees stands on the brink of bankruptcy. In erstwhile years erstwhile the company was managed by losers associated with the erstwhile team, the company showed profit.In 2023 it was 2,054 billion net profit. After the change of power both in the state and in the company, in the first half of 2024 the JSW Group recorded a net failure of PLN 6,062 billion. 1 terrible board of directors was replaced by another, most likely even worse due to the fact that only after 2 months they were expelled. Below the earnings of this short-term board.
This nearly PLN 6 million remuneration is only a tiny contribution to the losses that JSW suffered and inactive bears. Of course, this can be explained in many ways, by a decline in coal extraction, a lower price or a advanced wage for workers. But Poles do not go into all these details, for them there are crucial financial losses incurred during this period and the anticipation of liquidity failure by this plant. This year JSW recorded PLN 2,075 billion in losses in the first half of the year. What steps in "smiling Poland" will the government take on this issue in order to effort to master this critical situation in which the company found itself? No response! There were more crucial things! Only now after 2 years of winning the election erstwhile the company is on the brink of bankruptcy did Prime Minister Tusk react.
"The company must be on its feet to prosper. It can't be that the bigger the trouble, the higher the pay. due to the fact that that's not how it goes. There is simply a very serious work going on with the JSW. We'll do everything we can to transform JSW to save her, or at least a crucial part of her. This plan is precise. This is simply a substance of finance and voluntary dismissal. Minister Balczun and Minister Motyka will be here soonTo present what you can do. Nor do I exclude that the Polish Armed Forces Group or the Polish defence manufacture will be able to play a affirmative function here." It seems that this recovery program was implemented besides late, I wonder why.
Do the Prime Minister and the Ministers know what and why, having cognition of the uncertain financial situation, the JSW board, which is most likely composed of representatives of the coalition, spent about PLN 5 billion from the stableness fund only in the last 12 months? This money, decently utilized by the board, would have a major impact on the stabilisation of the financial situation in this company.
Whether the government that has a majority stake in the company will save the full JSW, I'm afraid I'm incorrect about that.
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