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Market NewsNewsJob cuts at De Beers, Namibia JV

Job cuts at De Beers, Namibia JV

Namibia's top diamond producer, Namdeb, a 50/50 joint venture company between the country’s government and De Beers, has begun offering early and voluntary retirement to at least 130 of its 1,700 workers, Xinhua reports, according to mining.com.

According to the agency, the move seeks to ensure the sustainability of Namdeb land-based operations, which is facing potential sales, Mineworkers Union of Namibia Oranjemund branch chairman, Mbidhi Shavuka, told The Namibian Sun (subs. required) in November, the mining.com report said.


 

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