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2 clusters · 6 sources · 1 days · First seen · Last updated

JSW recovery program and workforce reductions

Overview

JSW (Jastrzębska Spółka Węglowa) has launched a recovery program spanning 2026–2035 to improve competitiveness and rebuild cash positions. The strategy focuses on reducing extraction costs and increasing the share of coking coal to 94% by 2029.

To support these cost-reduction efforts, the company is implementing significant workforce reductions. CEO Bogusław Oleksy confirmed a plan to decrease the workforce by 4,248 employees in 2026, with the majority of departures scheduled for the third and fourth quarters.

Entities

Competition Commission of India · BMM Ispat Limited · JSW Cement · Bogusław Oleksy · Tomasz Gawlik

Timeline

  1. [BUSINESS] 3 sources
    JSW Group undergoes restructuring and cement capacity expansion

    The JSW Group is undergoing internal restructuring with the approval of the Competition Commission of India and has expanded its cement grinding capacity in North India via a new unit in Rajasthan.

  2. [BUSINESS] 3 sources
    JSW launches recovery program and announces major workforce reductions

    JSW has launched a 2026–2035 recovery program focused on increasing coking coal shares and reducing costs, which includes cutting over 4,200 jobs in 2026 to optimize operations.

Sources

bizblog.spidersweb.pl · businessnewsthisweek.com · comparic.pl · indianewsdiary.com · millenniumpost.in · wnp.pl