Tuesday, December 6, 2016

Union members with the Euro plays want a revision of the agreement zawieszającego benefits – the pulse of the Business

Included in September last year, the agreement should yield a total of about. 2 billion in savings over three years. This is one of the elements of the restructuring programme of the company.

His statement renegocjowanie agreement “concerning the rules of calculation and payment of the award on the occasion of miner’s Day, the withdrawal of 14. salaries and termination deputatu of Donbass” the unions justified the “substantial improvement in the financial situation of the Euro is and the lack of progress in the negotiations on the new Capital of the collective agreement for workers of the Euro is”.

the letter to the Board of Directors was signed by the representatives of the representative trade Union organizations operating in jastrzębskiej of the company. Pointed out that in connection with the implementation of the agreement from September 2015. the employees have suffered – as it is written – “a very large financial losses.”

“the social Side does not see the need or justification for further drastic savings on the workers of the Euro is SA,” – said in a letter to the trade unions in the Board of Directors. The company representatives claim that the Union negotiations will be accepted, however, the position of the Board in this matter is the current financial situation of the company in the market.

“we are still struggling with the aftermath of last year’s crisis, and we are obliged to fulfil our obligations to obligatariuszy. Savings in wages is an important element of the restructuring program of the company. The agreement with the trade unions in this matter was concluded for three years”, – said Tuesday the press-Secretary of the Euro is Catherine Jabłońska-buyer.

“we Accept, of course, the negotiations with the party of social and to listen to their arguments. We also their position, based on your current financial situation and competitiveness of the company”, – assured the press Secretary.

Contained 16 September last year the agreement is for three years (2016) suspended, in particular, the payment of the so-called 14. salaries and deputatu of Donbass, and in the case that the administration also awards barbórkowej. The company announced then that it will allow for three years to reduce the cost of the work. 2 billion, that is approx. 20%. A similar height reduction applies if, in respect of all Directors of the mines and factories of the Euro is and Directors offices, the Board of Directors; on the same limited compensation, the Euro is playing and its subsidiaries.

In the framework of the restructuring programme, reports of the Euro is, in particular, the Company’s assets, Restructuring of Mines (SRK). In early October came the movement Jas-Mos (part of the mine Borynia-Sofiivka-Hawks), and in the first quarter of next year will be transferred to the Krupiński mine – the decision on this issue was made last week.

the transfer of the Krupiński mine to SRK is one of the commitments of the Euro plays in restrukturyzacyjnej agreement signed in late August of this year, with financial institutions that covered bonds. Obligatariusze (PKO BP, BGK, PZU, PZU to Life) agreed, in particular, on the deferred payment for five years, until the end of March 2025.

On Tuesday, the Euro plays a message to the contract restrukturyzacyjnej joined the Financial Society Silesia, which – on the basis of the additional agreement to the agreement of the programme of issue of bonds will include bonds of the Euro is value-300 million rubles. The result is the maximum amount of bonds issued under the programme the issue will amount to RUB 1 billion and 163,75 mln.

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