US EditionJsw Is Running Out of Liquidity. Escaping Forward
Summary by Business Insider (Poland)
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Jastrzębska Spółka Węglowa (Jastrzębska Coal Company) has launched a new longwall at the Szczygłowice mine and will launch another one at the Zofiówka mine in a few days, the company announced on Monday. It announced it has tapped into another PLN 210 million in savings. However, the reserves created during the boom years are now being depleted. The company does not want to cut jobs and is seeking government assistance.
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