Mining company De Beers has announced the termination of 189 jobs in South Africa as part of an effort to reduce overheads in the country.
The organization will axe 121 positions at its corporate offices in Kimberley and Johannesburg as well as at the Venetia Mine in the Limpopo province. Additionally, the company notes that another 68 roles may be reduced through natural attrition.
Currently, the workforce in South Africa is 2,236.
The company’s South African mining subsidiary, De Beers Consolidated Mines, has shrunk over the past two years. Now, it is comprised of the Venetia Mine, Voorspoed Mine in the Free State Province and its Kimberley-based trading function. As a result, the company has stated that it cannot maintain its current overheads, which are designed for a much larger company. CJ
Author: Canadian Jeweller Magazine Staff
Canadian Jeweller Magazine Staff is the shared byline for reporting filed by the magazine's editorial desk. Founded in 1879, Canadian Jeweller is the longest running jewellery business publication in Canada, covering market reporting, retail strategy, watches, diamonds, coloured gemstones and the commerce of the Canadian jewellery trade. Work published under this byline is edited and verified by the Canadian Jeweller editorial team in Toronto.
