JSW does not anticipate dismissals, as well as the elimination of any of the JSW plant. Monthly salaries are not endangered.
This decision, was inevitable though not easy. As of July 2013, the unions refused to engage in discussions on proposed austerity measures to save the company and thousands of jobs. Sense of identification with the situation of the Kompania Węglowa, but lack of will to have conversation with their own employer in order to protect jobs in JSW, is incomprehensible. Personal relationship with the board should not be an obstacle in the search for common solutions serving the interests of the crew. This is statutory duty to both governing bodies, as well as the social side.
JSW as a listed company cannot rely on public assistance, which is why, given the dramatic situation of the industry, you should take immediate action.
In case of dramatic situation management must have the tools to rescue the company and protect jobs. Putting at stake the security of employment and payment of bonuses in the form of fourteenth salary or the school allowance, the Board has no doubt that the most important, in such a difficult situation, are jobs. You need to answer the question whether in the current situation we can afford the 14th salary, coal allowance, sickness benefit, school supplies or "miner card" ticket ? Further cuts in the area of investments pose a serious threat to the process of preparing the mining front. We cannot undercut the branch we sit on.
In view of constantly deteriorating situation, the Board may be forced to make a decision on the payment of 14th salary (for 2014) in installments and in subsequent years the payment will depend on the situation of the company. Coal allowance, holiday subsidies or sick leave and school supplies may also be at risk. The Board must be certain it can act immediately in the event of a dramatic situation.
Last year’s output problems at JSW, clearly showed that the Board at crisis times must have flexible management tool to direct the crews where they are needed most. Termination of the agreement also gives the Board the ability to change the organization of work. The introduction of a similar system in the Silesia mine clearly indicated the direction mining should follow.
What needs to be stressed, the termination of the agreements does not automatically change the terms of pay and work.
JSW S.A. Board