JSW shares fall after suspending union talks over restructuring

Jastrzebska Spolka Weglowa SA

28/01/2026 08:06

** Shares of Polish coal miner Jastrzebska Spolka Weglowa JSW.WA fall around 3% after management board suspended talks with trade unions over company restructuring on Tuesday after market close

** The deadlock threatens a vital 3 billion zloty ($858 million) rescue plan, pushing the miner closer to a financial crunch

** The loan is conditional on unions' approval of labor cost reductions

** "Unfortunately, JSW is running out of liquidity and the Management Board may file for bankruptcy any day now," Erste Group analyst Jakub Szkopek said in a note

($1 = 3.4929 zlotys)

 (Reporting by Rafal Nowak)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))