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> Factors related to the Group’s business and market environment
> Collective disputes with employees may disrupt the Group’s operations
Collective disputes with employees may disrupt the Group’s operations
In the hard coal mining sector trade unions occupy a significant position symbolized among others by the ability to engage in protests, including collective disputes. The position held by trade unions is particularly strong on account of the headcount in the sector and its strategic influence over the functioning of the economy. In addition, trade unions’ expectations are based on the terms and conditions obtained by employees of other companies undergoing privatization.
Over the most recent financial year there were two collective disputes in the Parent Company that were described in Item 4.7 of Management Board report on the activity of the JastrzębskaSpółkaWęglowa S.A. Capital Group for the financial year ended 31 December 2012.
Despite the agreement signed with the Inter-Union Protest and Strike Committee on a 3.4% basic salary rate increase in 2012 and despite the accepted salary growth plan for Parent Company's employees in 2013-2015, collective disputes may still take place in the future. The possible protests or strikes organized by the trade unions operating in the Parent Company may affect the policies or procedures existing in JSW S.A. which in turn may have a material adverse effect on the Group's prospects, performance and financial standing.
