Coal group JSW to cut about 4,250 jobs in 2026, 21% of its workforce

On 1 October 2026 JSW announced it will cut its workforce by 4,248 from 20,135 (end of March) to below 16,000 by year-end, about 2,200 departures in the third and 1,400 in the fourth quarter. This works through mining leave for over 3,000 employees and severance for almost 1,200; the cuts are part of the 2026–2035 restructuring plan. According to Parkiet the group needs about PLN 2bn of liquidity by year-end (Notes from Poland, 2 Oct 2026; Parkiet, 23 Oct 2026).