Coal mine Bogdanka to reduce employment

WSE-listed Bogdanka mining company will cut employment by 350 people before the end of 2015, on average by 145 annually, the company said in the management comment to its Q1 financial report. Bogdanka will not prolong temporary contracts and will send eligible employees for retirement. The plan is a part of the company's savings plan.The company also announced that it mulls 8-9.5 million ton per annum or 10-12 million ton p.a output in two alternative scenarios for 2015-2010. The company reported a net profit of PLN 32.5 million in Q1 2015.