Polish government promises to assist in restructuring JSW

Polish Prime Minister Donald Tusk announced that the government is preparing a restructuring plan for the state-owned company Jastrzębska Spółka Węglowa (JSW), the largest producer of coking coal in the European Union. According to the prime minister, the document will be presented in the near future and will contain specific measures to rescue the company, which is facing serious financial difficulties, Reuters reports.

JSW has come under pressure due to rising energy costs, falling coking coal prices, and competition from cheaper imported steel. Among the steps being discussed as part of the plan are cost optimization, including possible wage cuts, as well as funding for voluntary staff reduction programs.

“We will do everything we can to transform JSW and save the company, or at least a significant part of it. The plan is precise and provides for co-financing of voluntary redundancies,” Tusk said.

The head of government also did not rule out the possibility that the Polish defense industry could participate in the transformation of the company. Since Russia’s full-scale invasion of Ukraine, Poland has been actively investing in the modernization of its army and the development of its defense sector. Tusk noted that in Silesia, where coal and metallurgical production is traditionally concentrated, new opportunities for industrial cooperation may be created.

“I do not rule out that Polska Grupa Zbrojeniowa and the defense industry will be able to play a positive role in the context of JSW, at least in part of its activities,” the prime minister said.

Thus, the future of the EU’s largest coking coal producer may be linked not only to traditional markets, but also to integration into Poland’s defense-industrial complex.

As a reminder, JSW recently announced the start of preparatory work for a large-scale business restructuring. The management board’s decision of October 11, 2025, aims to improve the difficult liquidity situation and ensure financial stability in the short and medium term.