Negotiations on the creation of a new entity lasted almost a year. Deadlines establishment of the company, which will replace the Coal Company, there were at least five, although the agreement in January 2015. Between the government and the miners saved 30 September 2015. Today we know that the Polish Group Mining (PGG), which will replace functioning since 2003. Kompania carbon (KW), will start working in the Labour Day. This week, Prime Minister Szydło officially announce its creation.
And how allocations
According to the agreement signed by the board of the mining trade unions of approx. 33 thousand. crew Coal Company depart approx. 4 thousand. people. Law mining permits mining vacation for those employees who were retirement four years or less. Until the acquisition of pension rights, they charge 75 percent per month. the average wage. There they are prohibited to work. The condition – must be a work which excludes direct employment in the coal sector.
B as banks
According to the plan, the ministry of energy, banking debts KW will be converted into shares of banks in PGG . The problem is that private banks, where the debtor is KW, so BZ WBK and BNP Paribas, said not yet to this idea, “yes.” For the record – debt Mortgage loans, loans and bonds amounts to 1,748 billion zł (at the end of February 2016.), And the general obligations and provisions are a staggering amount of nearly 8.5 billion zł.
C as the price
1.5 billion zł – so much in PGG invest no energy, or Energa (600 million zł), PGE (500 million zł) and PGNiG Termika (400 million zł). The project involved a Węglokoks, which has bonds KW for approx. 700 million zł, and paid KW 500 million zł towards the redemption of part of the mine, which will be included in PGG.
D as action
PGG will be the successor KW, which was founded in 2003. with several fallen coal companies. Like KW took over the obligations of the companies with which it was created, so now PGG assumes the liabilities of KW. Like KW was capitalized (eg. Huta Łabędy, which is then sold Węglokoks), so now PGG will be assisted by the energy and Węglokoks.
E as efficiency
When began talks on a rescue plan for KW, all emphasized how important it is to increase the efficiency of the Silesian coal mines to reduce production costs and increase competitiveness. Unfortunately, as in the case of PGG there is no system 24/7 operation (the system working mine, not a miner), which had passed the exam in Silesia, which was in 2010. KW sold to private Czech company EPH.
F as flapsy
This regenerative meals for miners. In the old days the staff got them down so that an employer was sure that they have enough strength to work hard. Today, the commercial papers, for which you can go shopping in any supermarket (miners get them in bulk for the sum of shifts per month).
G as miners
According to the agreement KW two years in PGG is suspended 14. salary, which is used to reward profit, and today another component of remuneration. In addition to the voluntary redundancy is the only concession the mining unions, although it seems that if transcribe referendum, many miners would go to larger, have any guarantee of the preservation of jobs. Fourteen for 2015. KW is a cost of 226 million zł.
H as noise
About the possibility of bankruptcy KW hear from the end of 2014. Much ado about nothing if the company operates? No. Only it had been proven to drip as such. Prepayments for coal from power. May this noise around KW and PGG not killed problems other sector companies – KHW and JSW.
I like inspection
KW before signing the agreement opening the way to the formation of PGG been audited. The conclusions is that the company paid 700 million zł per year foreign companies carrying out mining operations that was overstaffed, it was not the best managed. The conclusions of the audit are to be guidelines for managing PGG.
J brightness
It seems that the immediate future mines the current KW is secured. However, the ambitions that we see in the business PGG (profitability already in 2017)., Bid to put a question mark on the understanding singed agreements – are you sure that’s all enough?
K as the European Commission
the earliest in July, the European Commission will take the PGG. This is because it will check whether the complicated financial engineering is not illegal public. EU allows only subsidize the mine closure. Their rescue or additional investments of public money is no longer possible. I will not help the argument that Poland is still approx. 83 per cent. electricity produced from coal.
L as the years
KW acted on the market for 13 years. The question is, how long will it PGG. Some of its mines have reserves even for decades.
L as connection
Since July of this year in the structures of PGG will operate mines complex. Independence retain only Boleslaw the Bold (may be sold Tauron) and weakest in the structures of KW Sośnica (maybe it will be closed). Other plants will be connected to three mega-mine. They are: Halemba-Room-Bielszowice, Piast and Ziemowit Chwałowice-Jankowice-Marcel-Rydułtowy. The agreement says that as a result of combining creation of redundant assets, which will be forwarded to SRK, which gives hope for further savings.
M had
KW mainly produces all were for power. PGG is to increase the production of high-grade coal, also for the coking plant.
N as overproduction
The Polish coal market we have annually approx. 10 million tons of surplus thermal coal. PGG is to adapt production to market needs and increase foreign sales.
About a precaution
Comments industry experts about PGG are cautious, especially because of the ambitions of the business . But it is hard to resist the impression that everyone is waiting for it, as the project will assess Brussels.
P as the future
The Minister of Energy Krzysztof Tchórzewski said that the formation of PGG will save about . 100 thousand. jobs in Silesia. Please note that PGG is not only 30 thousand. people (at the beginning), but also companies that work with the company – including suppliers of machinery and equipment.
R as rescue
What would happen if no agreement allowing the creation of PGG? In May, the miners do not get paid because the money ran out KW. As a result, no doubt there would be a strike.
S as strike
Is the same formation of PGG is a guarantee that there will be protests? It is difficult to answer this question – at least in the next few weeks.
T as Tchórzewski
The Minister of Energy, which succeeded in concluding an agreement. It is said that when you start PGG changes jobs.
U as a collective
W PGG is to be negotiated. The remuneration system is to be clearer and simpler. A document is expected to enter into force by 1 January 2018.
In the coal
A more precisely – the coal. Like Barbórka, allowance lactic pencil (layette for school children) whether these flapsy, is maintained. There is, however, no coal, just another transfer to the employee’s account (in KW coal allowance is equivalent to 8 tons of coal, which is approx. 4.5 thousand. Zł per person).
From the meaning
the creation of PGG is of great importance, because the current KW is the largest coal producer in the country. And strategic employer. However, this time verify the quality of the solutions used here.
Carolina Baca-Pogorzelska, 04/25/2016
Review PROGRAM PIT 2015
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