JSW begins preparations for the business restructuring process

The Management Board of Jastrzębska Spółka Węglowa adopted a resolution to start preparations for the business restructuring process aimed at stabilizing the company's liquidity situation, JSW said in a statement.

As stated, The first stage of work will be to design a process including stabilization of the short and medium-term liquidity situationincluding reaching an agreement with the social side on adapting remuneration costs to the company's current situation, developing new financing conditions with financing institutions and developing possible forms of support from the State Treasury.

The stage is scheduled to be completed by the end of January 2026.

“As part of this stage, with the support of an external advisor, the management board intends to finalize work on the assumptions of the recovery plan, the road map document and the simplified financial model by the assumed deadline of October 31, 2025,” it was written.

JSW announced that the results of the work will enable the determination of further corrective/restructuring steps and the framework for the functioning of JSW and the group in the long term. (PAP Business)

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