Kopex to lay-off 340 workers

Kopex Machinery, an unit of the mining machinery producer, has announced it plans to lay off 340 people due to its difficult situation. The group redundancy of workers constituting 25 percent of the whole staff is to take place between May 25 and September 30. The unions have already been informed. Kopex is Poland's biggest mining machinery producer.  The company recently said that it recorded lower revenues and worse financial results, stemming from unfavorable the situation on domestic and global coal markets.