JSW signed an agreement with trade unions. He estimates savings of PLN 1.2 billion

The Management Board of Jastrzębska Spółka Węglowa signed an agreement with representative trade unions on adapting labor costs to the company's financial capabilities, JSW announced on Friday. Savings under the agreement in 2026-2027 were estimated at PLN 1.2 billion.

“Today (February 13), the Management Board of JSW SA together with the Representative Trade Unions, with the participation of the Deputy Minister of State Assets, Grzegorz Wrona, signed an Agreement on adapting the level of labor costs to the current financial capabilities of the Company,” JSW said in a statement.

The company added that the total savings resulting from the concluded agreement in 2026-2027 were estimated at approximately PLN 1.2 billion and it should also enable obtaining the financing necessary for the continued operation of JSW.

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. The company is listed on the Stock Exchange.

JSW had a cumulative net loss after three quarters of 2025 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. (PAP)

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