Feb 13 • 07:54 UTC 🇵🇱 Poland Rzeczpospolita

We Know the Results of the Referendum Among JSW Employees. What About the Privileges?

JSW employees overwhelmingly approved a referendum aimed at suspending certain employee benefits to stabilize the company's financial situation.

The referendum among JSW employees resulted in a significant majority, with 97.24% voting in favor of suspending specific employee benefits. This decision is part of a strategic effort to secure external financing necessary for the company's financial stabilization, potentially amounting to approximately 3 billion PLN. The voting took place from February 12 to 13, engaging over 16,000 employees out of a workforce exceeding 20,000.

The agreement, reached on February 6, aims to temporarily suspend certain employee entitlements, which the company argues is essential to avoid a harsh statutory restructuring. The approval of the referendum signals a crucial consensus among workers, highlighting their willingness to support collective measures for the company's future, which in turn may influence its long-term operational capabilities.

The implications of this decision extend beyond immediate financial assistance; it reflects the precarious balance between employee rights and corporate sustainability in a challenging economic climate. If the agreement is not accepted, JSW may face dire consequences, prompting further negotiations regarding the company’s leadership compensation and operational continuity, emphasizing the importance of employee engagement in corporate decision-making processes.

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