Advanced Search

De Beers to Axe 189 Jobs in South Africa

Feb 18, 2016 5:35 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... De Beers will cut 189 jobs in South Africa as part of a restructuring aimed at reducing overheads in the country.

The miner will axe 121 positions at its corporate offices in Kimberley and Johannesburg as well as at the Venetia Mine the Venetia Underground Project in the Limpopo province. Another 68 roles may be reduced through natural attrition rather than layoffs, according to a statement February 16. The workforce in South Africa is currently 2,236.

De Beers Consolidated Mines, the company’s South African mining subsidiary, has shrunk over the past two years and now comprises the Venetia Mine, Voorspoed Mine in the Free State Province and its trading function based in Kimberley. The business cannot therefore maintain its current overheads designed for a much larger company, the statement said.
Tags: De Beers, De Beers Consolidated Mines, layoffs, mining, Rapaport News, South Africa
Similar Articles