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De Beers to Axe 189 Jobs in South Africa
Feb 18, 2016 5:35 AM
By Rapaport News
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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.
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Tags:
De Beers, De Beers Consolidated Mines, layoffs, mining, Rapaport News, South Africa
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