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JSW Coal Miners End Strike After CEO Agrees to Resign
Feb. 17, 2015 03:44AM PST
Industrial Metals Investing
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.
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.