JSW CEO says loan talks and restructuring plan remain flexible amid asset sale discussions
JSW chief Bogusław Oleksy said negotiations for a state loan are ongoing and that the company's rescue programme is adaptable, without confirming any sale of its subsidiaries PBSz and JZR.
Bogusław Oleksy, the president of Jastrzębska Spółka Węglowa (JSW), told reporters that discussions with the ARP over a possible loan are still in progress, with the final decision pending and security terms under review. He described the company's rescue programme as ambitious yet feasible, highlighting its flexibility, openness to new ideas, and a commitment to continuous monitoring and transparent reporting. Oleksy stressed that the programme includes measures to improve liquidity, such as pre-payments, asset sales, and postponing contributions to ZUS, as well as cost optimisation and workforce adjustments.
Regarding the future of its subsidiaries Przedsiębiorstwo Budowy Szybów (PBSz) and Jastrzębskie Zakłady Remontowe (JZR), he said no final divestment decision has been made and that the loan and divestment tracks are being explored simultaneously. The company aims to continue evaluating both options as part of its broader restructuring strategy.
