JSW Coal Miners End Strike After CEO Agrees to Resign

Mineweb reported that coal miners at Jastrzebska Spolka Weglowa SA (WSE:JSW) ended their strike and returned to work after the company’s chief executive promised to submit his resignation to the board.

As quoted in the market news:

Shares in the state-run JSW surged on Monday as its miners suspended their 17-day strike, which was losing the company almost 30 million zlotys ($8 million) per day.

CEO Jaroslaw Zagorowski stated:

The strike is over, miners came back to work, while the agreement that was signed will bring significant savings to the company.

Click here for the full Mineweb report