About: http://data.cimple.eu/news-article/4851d616d632b2897c6dfdb26a75bf26b637226a6492f36f64312368

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About: http://data.cimple.eu/news-article/4851d616d632b2897c6dfdb26a75bf26b637226a6492f36f64312368 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	One of Europe's largest coal companies, Poland's state-run PGG conglomerate, said Tuesday it was restructuring operations hit hard by price and demand slumps triggered by the coronavirus crisis. Local media reported that PGG was poised to close several mines employing nearly 8,000 people and to cut salaries as company officials met with miners' trade unions in the southern Polish coal city of Katowice. Depending on coal for 80 percent of its power needs, Poland ranks among the EU members that are most reliant on the dirty fossil fuel. Warsaw has rejected the bloc's 2050 target of going carbon neutral, insisting it needs more time to switch to green energy. Miners and their families also account for a high proportion of coronavirus cases diagnosed in Poland. PGG recorded over 400 million zloty (107 million euro, $91 million) in losses in 2019, according to company records, while reports indicate it has lost some 2.7 billion zloty in revenue this year as the pandemic dampened demand and coal prices. "On the one hand, we're experiencing a difficult and very sharp decline in demand for coal, which means reduced revenues, and on the other, we need to look for funding to continue functioning," PGG chief Tomasz Rogala told local media at the Tuesday talks. PGG employs some 41,000 people, with Rogala saying the company wanted to "keep as many jobs as possible". The issue of employment in the coal sector is particularly sensitive in Poland, where miners are still a powerful voting bloc. Solidarity miners' union leader Dominik Kolorz dubbed PGG's restructuring plan "madness", adding that unions wanted any changes to be spread out over at least four decades. mas/jh
schema:headline	Hit by virus, Poland's top coal firm plans cuts
schema:mentions	Carbon neutrality Tomasz Zamoyski Solidarity Polish language Warsaw Renewable energy Fossil fuel Coal Poland Polish złoty European Union Minute and second of arc Pandemic Virus Coronavirus Coal City High School Rogala coat of arms Voting bloc GenOn Energy Katowice Chaebol
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-28 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)

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