Mládek: The situation at Czech OKD is serious, not just about Paskov Mine

According to Industry and Trade Minister Jan Mládek, the situation surrounding mining company OKD is serious, with insolvency proceedings a possibility in the worst case. The jobs of 13,000 employees and other related sectors are at risk. The government and the tripartite council will discuss the situation at Monday's meeting.

On Thursday, Mládek called on loss-making New World Resources (NWR), the owner of mining company OKD, to come up with a new plan after the government rejected the company's request for state support to help it overcome the collapse in coal prices.

The Ministry of Industry and Trade (MPO) on Wednesday postponed talks with NWR after receiving the company's request for assistance and other proposals, but added that it was ready to take measures to save jobs.

„From the government's perspective, the highest priority is, of course, to help the miners, people in the surrounding area and people in the region.“