Future bleak for Kompania Węglowa; miners occupy headquarters

Miners' Solidarity chief Jarosław Grzesik exclaimed, "Before this sector collapses, we will protest in Warsaw." The financial situation at Kompania Węglowa is not good. The government-owned coal mining company based in Silesia may be looking for a buyer. About 200 miners have occupied company premises and vowed not to leave until a government representative comes to negotiate the company's rescue plan. Such a plan would most likely cut back salaries and miners' bonuses. On the other hand, a sale of the mine has drawn split opinions. On one hand seen as a rescue of the company, the plan to sell may be the final nail in the coffin on a struggling business. Indeed the latest announcements seem to point to a closure as the most likely scenario, according to an IAR news release.