# reach the next CEO, including concerning allegations of trade unionists #
09.02. Katowice (PAP) – JSW by strike suffered heavy losses production and sales, as well as very large losses prestigious; suspension of mining at the time of the strike resulted in the suspension of sales approx. 445k. tons of coal – JSW boss gave Jaroslaw Zagórowski.
The decline in mining is higher – reaches 530 thousand. tons. (The company sold at that time part of the carbon with heaps), and every day this value is increased by approx. 65K. tons. Lost revenues of the company in relation to the technical-economic plan for the period of the first quarter. Reach approx. 130 million zł. “This is a big problem for JSW” – said Zagórowski during Monday’s press conference in the Hawk-Zdroj.
Presenting the current balance of the thirteenth day of the ongoing protests, Zagórowski enumerated that the company employs 26 thousand. 296 people, and takes part in a protest of 9 thousand. people. Absenteeism related to illness and annual leave is currently approx. 38 per cent., While usually reaches approx. 20 percent. “A large part of the crew, not wanting to take part in the strike, found a solution in the form of various kinds of sick leave or take leave,” – said the president of JSW.
On Monday, the Board wrote to the crew of another open letter, in which he called unions “to immediately stop the strike and resume talks broken on Friday.” During the conference Zagórowski also assured that the board will be “consistently sought” to adapt the company to the current market conditions. “Numbers () show that the company must adjust their costs and the level of investment income that will be implemented in 2015., And in the future needs to improve the efficiency,” – said the president.
“The year 2015 will be the year where we need to adjust the company in order to protect jobs. It’s a promise that we gave to employees, due to the fact that they do not want to eliminate jobs, we want to keep jobs in JSW , we have no plans to mine closure or reduction of extraction, and is even growing mining should take place, we want to keep these promises for employees “, – noted Zagórowski.
President JSW explained that reached 50 percent. all costs of labor cost area is the last, which resorted to austerity measures. He recalled that approx. 20 percent. costs of taxes and fees, was managed so far in the 30 percent area, where there are, among others, investments. Zagórowski stressed that prepared by the management of the recovery program aims to: protect liquidity in the short term and “long-term operation of the system.”
Vice President for JSW. Robert Kozlowski Financial said that the company has its own funds to provide liquidity for the next few weeks. He pointed out that due to the strike, as measured by lost revenues planned in relation to the so-called. technical and economic plan of the company in the period from the beginning of the year to the end of March., reaches approx. 130 million zł. This is comparable to the amount of up to approx. 140 million zł pricing arrangements have been made during last week’s negotiations with the social side. “She is at most neutralizes the negative effects of the strike on the side of the lost revenue by the end of March.” – Explained Kozlowski.
Vice President for JSW. Czornik trade Gregory reported that consumers are seriously concerned about the lack of sales of approx. 450 thousand. tons of coal for nine previous days of the strike. “Many of them have already taken action and started shopping from other sources. In the short term they are not able to secure 100 per cent. Of their needs, but, as they say, in the long term a large part of which is likely to see through their purchasing strategies in the future. We can now estimate the will be the effects of the actions of our customers, because it did not end the strike. With all recipients declared immediately after the strike talks “- pointed vice president.
Czornik also said that coking JSW in the group after a few days of the strike (in the last year. Week) for approx. 40-50 percent. limited their production to protect installations. This means for example, that they also do not fulfill their contracts. “Coking do not secure on strike lasting more than two weeks, hedge problems mainly related to logistics” – reserved.
Vice President. Technical George Borecki turn stressed that the strike is reflected in the situation underground. Downtime walls affects them growing threats: fire hazard infarcts, as well as the deteriorating condition of several thousand located underground, unused and in normal mode niekonserwowanych machines. According Borecki fire danger level in five walls now threatens spontaneous fire (which are associated with the need to otamowywania such areas for at least a few months). In all the walls caving also increases the risk of translating into difficulties when it restarts output.
Zagórowski on Monday addressed, among others, the main demands of trade unionists – on his appeal. “It is possible that the composition of the board in my person, is a problem for the union leaders in recent years because of their privileges and spheres of influence were reduced in favor of executives, whose primary function is to manage the mines,” – said the CEO of JSW.
“Is the board is composed of today or any other, it’s finances are what they are and will remain the same. Prices of the world continue to be the same, they do not change with the departure of President Zagórowskiego” – he added. He recalled that the board of directors shall determine the supervisory board and the shareholders’ meeting. “No decisions in relation to the board were not taken,” – noted Zagórowski.
With reference to the current value of the shares of JSW Zagórowski reminded that the IPO took place during the bull market for coking coal (coking coal prices at $ 300 per ton). Then the situation began to deteriorate – to fix prices at the current level of 120 dollars. “I believe that the market for raw materials stacked on new levels,” – diagnosed president.
As the “abstract” assessed the information on. The board passed by the striking union crews. He explained that the actual amount of severance pay for the board is the height of three salary plus four charged 50 percent. – Under a management contract. “So really, each member of the board has a check in the amount of five salaries. They are not millions of dollars, as union leaders presented to employees. Earnings board of JSW in other listed companies fifties” – argued Zagórowski.
He denied, amongst others, that the company purchased or planned purchase of new cars (as he said, he drives a 2007 Volkswagen.). He pointed out that the current office of the company is not yet available for use never reworked a children’s hospital. He noted that the often quoted by trade investment in the hotel “Rose grove” in Gdynia allowed to bring a company to present a monthly “70 thousand. Zł clean money”.
With reference to the allegations of the compounds of the low – particularly in the last year. Year – mining Zagórowski pointed out that last year the problem was mainly related to geology. “Geology mines – due to the fact that the mines are getting older, fedrują deeper with increasing threats – not changing in favor” – said the head of the JSW.
Asked about signaled on Monday in a letter to the crew the opportunity to bankruptcy of the company – in the event of further strike – the president believed that “a real threat”. “We try to honestly inform employees – if the company does not manufacture, is much, much reduced sales, the threat of collapse, of course, there is. () Today you’re doing, but do not give advice on forever” – pointed Zagórowski.
On Monday morning began with the thirteenth day of the strike at JSW. Since last Monday to Friday, the conversations union and the board – with the mediator, b. The Deputy Prime Minister and b. The Minister of Labour Komołowski Longin. On Friday morning, initialed directed to the supervisory board of JSW MoU and discrepancies.
On Monday, union leaders signaled that even on this day in the mines were to be taken hunger protests, but Tuesday is planned occupation of the factories. The unions demanded that day of talks with majority owner of JSW – Chancellor of the Exchequer. Front of the headquarters of the company already was another demonstration; second, during which clashes with the police for some participants.
JSW strike began on January 28 following the announcement by the board of a savings plan uzasadnianego need to improve the condition of the company. Friday initialed agreements and discrepancies protocol envisages temporary suspension of certain provisions of the agreement prior to the initial public offering of the company and other previously existing JSW documents (regulations and agreements).
No comments:
Post a Comment