Feb 18 • 09:24 UTC 🇵🇱 Poland Rzeczpospolita

The head of August 80 on the future of JSW: 'This way we will not save the company'

Bogusław Ziętek asserts that to save JSW, the company must capitalize on mining legislation opportunities and improve production capabilities amidst regulatory challenges and competition from India.

Bogusław Ziętek, the head of the August 80 trade union, emphasizes the need for JSW (Jastrzębska Spółka Węglowa) to fully utilize the provisions of the mining law, including mining leave and one-time severance payments as essential strategies for survival. He argues that without these measures, the company will continue to struggle financially. Furthermore, he calls for the government to connect JSW with production programs funded through initiatives like the SAFE program, which could bolster its financial stability.

Ziętek identifies key challenges facing JSW, including the restrictive methane regulations instituted by the European Union and intensifying competition from India. He warns that current efforts being made to support JSW are merely postponing inevitable financial issues rather than providing a solution. This approach, he argues, leads to a slow decline, which ultimately impacts the workers most adversely.

The comments by Ziętek highlight the critical situation facing JSW, one of Poland's largest coal companies, against a backdrop of rigorous EU regulations and shifting global competition. If the necessary actions are not taken to enhance productivity and adapt to these regulatory pressures, there are grave concerns about the long-term sustainability of the company and the livelihoods of its employees.

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