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...