Poland - Tentative accord reached on coal privatisation - May 23, 2011

After a four-month dispute, on 5 May unions at the major state-run coal company, Jastrzębska Spolka Weglowa (JSW), gave their consent to a 30% float of JSW shares on the Warsaw bourse through a deal reached with the government. The unions, including Solidarność, gained a ten-year guarantee of employment for 22,000 workers. On 23 May, negotiations have continued over specifics reached in the 5 May framework agreement, and conclusions must also be reached over pay increases. The government will maintain 51% stake in JSW, but the possibility exists that future sales of shares will occur. What still must be negotiated is the shape and structure of free-of-charge shares to staff, which will not be bound as an entitlement, certain provisions inside a 2007-2015 strategy plan of JSW, and the appointment of board members to the partially privatised company (See also this Collective Bargaining Newsletter Year 4 April 2011).

English: http://www.icem.org/en/78-ICEM-InBrief/4440-Tentative-Accord ...

 

This article was published in the Collective Bargaining Newsletter. It aims to facilitate information exchange between trade unions and to support the work of ETUC's collective bargaining committee. For more information, please contact the editor Maarten van Klaveren, Amsterdam Institute for Advanced Labour Studies (AIAS) M.vanKlaveren@uva.nl. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net. © ETUI aisbl, Brussels 2011.


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