Kompania Węglowa talks with miners collapse

Poland’s largest miner Kompania Węglowa (KW) has not reached an agreement with the unions and will now most likely implement its repair program, which may lay off some of its administrative personnel and sell one of its plans. The agreement was not reached because it was rejected by one of the unions – Kadra. The other 12 unions agreed to the consensus reached with KW management. “On Wednesday, we reached an agreement that was written down. On Thursday, it was supposed to be still discussed and signed,” Kompania Węglowa’s CEO Marek Uszok told the Polish Press Agency. “But that required consent of all the unions.” As negotiations collapsed, the management will present the initial version of the program to the supervisory board, the official said. In 2013, Kompania Węglowa lost PLN 1 billion on sales of coal and still has over 4 metric tons of unsold coal stocks.