Polish Prime Minister Donald Tusk said his government will soon present a comprehensive restructuring plan for Polish coking coal producer Jastrzebska Spolka Weglowa SA (JSW), according to a Reuters report. The plan is aimed at stabilizing the company amid falling coal prices, rising energy prices and increasing competition from cheap steel imports.
JSW has begun preparations for a comprehensive business restructuring process aimed at stabilizing the liquidity situation, as previously reported SteelOrbis .
Focus on transformation and job protection
Tusk said the restructuring program would include co-financed voluntary redundancies and wage-related adjustments to support financial recovery. He stressed the government's intention to "transform JSW and save this company, or at least a significant part of it", describing the plan as "precise and ready to implement."
The possible role of Poland's defense sector
From the beginning Russia's invasion of Ukraine in 2022, Poland has increased investment in its defense and military industries, especially in Silesia, a region known for mining, steel and heavy industry. Tusk suggested that the Polish arms group and the wider defense sector could be involved in JSW's transformation, potentially integrating parts of the company's infrastructure and workforce into defense-related production.
