The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05.10 - Mining of hard coal
1,600 jobs Number of planned job losses
Announcement Date
29 April 2016
Employment effect (start)
Foreseen end date
31 December 2016
Description
Jastrzębska Spółka Węglowa (JSW), a coal mining company, has announced that its subsidiary Ruch Jas-Mos will be transferred to Spółka Restrukturyzacji Kopalń (SRK). The restructuring programme involves about 1,600 jobs cut in 2016. Redundant workers will receive a severance pay. The programme is a part of larger restructuring plans aiming at increasing financial effectiveness as the company is facing financial problems resulting from the crisis in Poland’s coal-mining industry.
Spółka Restrukturyzacji Kopalń is an entity which manages the process of closing down mining companies, including managing of the assets of liquidated mines.
Jastrzębska Spółka Węglowa employs about 24,000 people.
Sources
Citation
Eurofound (2016), Jastrzębska Spółka Węglowa, Internal restructuring in Poland, factsheet number 87475, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87475.
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