Kopex to lay-off

Kopex Machinery, an unit of mining machinery producer, has announced it plans to lay-off 340 people due to difficult situation. The group redundancy of the 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 domestic and global coal market.