Bogdanka to make cuts due to restructurization

Zbigniew Stopa, president of Lubelski Węgiel Bogdanka, announced in a letter to employees that the company will undergo restructurization due to unfavorable market conditions. Limiting work to five days a week, pay and hiring freeze are just a part of the plan, which also includes searching for new markets for coal, limiting investments, cut down on services by outside contractors and organizational changes. "We appreciate that the labor unions came up with proposals that would save the largest amount of jobs - such as the retirement of workers, who've earned the privilege to do so," wrote Stopa. A part of the workers employed on temporary contracts will not receive contract extensions for the time being. A total of 350 workers will be let go due to the restructurization process. LW Bogdanka produces 16.6 percent of coal for the power market in Poland.