19:38 10 October 2025
Politicians assure investors that JSW will not go bankrupt
After government assurances that Jastrzębska Spółka Węglowa (JSW) will not go bankrupt, the company’s shares rose over 17% in five days. JSW reported a net loss of PLN 2.08 billion in the first half of 2025 and faces liquidity risks, relying on rescue plans supported by the Ministries of Energy and State Assets. Key measures include recovering a PLN 1.6 billion solidarity levy, renegotiating contracts, and potential staff cost reductions.
Trade unions oppose layoffs but discuss restructuring options, such as integration with the defense industry. Officials insist JSW is strategic for Poland, ruling out bankruptcy. The government also considers transferring 3,000 employees to PGG and increasing mining subsidies beyond the planned PLN 5.5 billion for 2026.
