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EUs Biggest Coal Group to Cut Jobs, Close Mines to Survive
2015-01-08 11:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Kompania Weglowa SA, the European Unions biggest coal producer, will cut jobs, close mines and get financial aid from state-owned power utilities after the Polish government backed a rescue plan for its third-largest employer. Poland wants to gradually phase out operations at state-owned Kompanias four mines, sell one to coal trader Weglokoks SA and move its remaining nine profitable facilities to a new holding company, the Economy Ministry said on its website. Weglokoks and state-owned power...
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Category:Electronics and Electrical