Poland’s JSW Plans to Cut Costs

“We need a few hundred million zloty this year,” said Edward Szlek, CEO, JSW Group. The cost savings will likely include head count reduction, as the firm wants to cut employment by 1,000 annually in the coming several years, Szlek said. JSW was aiming to reduce mining costs to $80/ton within two years, while mining efficiency is to improve to 900-1,000 tons per employee.