Kopex's trade unions address to deputy PM Morawiecki

Listed mining machinery producer Kopex's trade unions are seeking the government's help in saving the firm from insolvency and mass layoffs, they wrote in a letter addressed to deputy PM and Development Minister Mateusz Morawiecki, Polish Press Agency (PAP) informed. "Kopex' debt restructuring proposal was recently rejected by creditor banks PKO BP, Pekao, HSBC, ING and BNP Paribas, leaving the firm in a trap. "We need quick decisions, as Kopex' condition is getting worse every day, and the specter of insolvency is drawing closer," trade unions wrote. Neither the ministry nor Kopex management have yet commented on the letter. 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.