Jastrzębska Spółka Węglowa informs about the success of the talks. There is an agreement with the trade unions
In the current report published by the company, the management board of JSW informs that the draft “suspension agreement” provides for the suspension of the application of the provisions of certain collective agreements concluded with trade unions and internal regulations in force at JSW and the exceptional, temporary application of less favorable employment conditions to employees.
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These assumptions include suspension of the right to the 14th salary for 2026, postponing the payment date of the 14th salary for 2025 to 2027, payment of the St. Barbara's Day award with its equivalent for 2025-2027 in installments, suspension of the payment of the coal allowance and limitation of other benefits.
The draft suspension agreement assumes that: it will enter into force on the day of its signing, with effect from February 1, 2026, and will be concluded for a period of 23 months, i.e. until December 31, 2027.
Read also: The Polish giant is fighting for survival. Losses amount to several hundred million zlotys per month
In turn, in the draft “implementation agreement”, JSW states that: is conducting talks on obtaining new funds in the amount of up to PLN 2.9 billionand that it conducts activities aimed at obtaining funds from the sale of assets – shares and stocks in subsidiaries and other non-key assets of JSW.
A gigantic loss of Jastrzębska Spółka Węglowa
The JSW Capital Group is a joint-stock company, the largest producer of high-quality coking coal in the EU and one of the leading producers of coke used to melt steel. The core business of the JSW group is the production and sale of coking coal as well as the production and sale of coke and carbon derivatives. JSW mines in four mines: Borynia-Zofiówka, Budryk, Knurów-Szczygłowice and Pniówek.
JSW, listed on the Stock Exchange, is owned by the State Treasury in 55.16%.
Read also: JSW on the edge. Billions of losses, resistance from trade unions and the fight for the giant's survival
JSW had a net loss after three quarters of 2025 cumulatively of PLN 2.9 billion. Sales revenues amounted to PLN 7 billion, and the EBITDA result was minus PLN 1.4 billion. In the third quarter alone, JSW generated PLN 2.3 billion in sales revenues, with a gross loss on sales of PLN 524 million. EBITDA excluding one-off events amounted to minus PLN 485 million, and the net loss was PLN 794 million.
