"I have the impression that trade unions, for the most part, though not all, I don't want to generalize, are pursuing a political agenda rather than genuine concern for the company," said Wojciech Balczun on RMF FM, when asked if JSW faces bankruptcy and if signals from employees and trade unions are not good.

"We dedicate every day to JSW, and some statements, some published materials, unfortunately, hinder the process of securing financing, because currently [...] the management is in the process of obtaining commercial financing, and such international funds are very carefully observing the prospects," he continued.

"The loss over the year has been halved. [...] A restructuring program is being implemented, one-off severance payments are being introduced, and mining leaves, which are financed with an amount exceeding PLN 500 million, are now starting," he further stated.

"There is still a liquidity gap, which we identified a few months ago, and we are fighting by all means to ensure the company survives this period. Prospects and market signals offer a slight cause for optimism, but without deep restructuring, JSW will not survive on its current financial model," he concluded.