Diamond giant De Beers likely to cut jobs after Covid-19 hit
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FRIDAY, MARCH 24, 2023
Diamond giant De Beers likely to cut jobs after Covid-19 hit

Global Economy

Reuters
30 July, 2020, 06:15 pm
Last modified: 30 July, 2020, 06:19 pm

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Diamond giant De Beers likely to cut jobs after Covid-19 hit

“It is likely to lead to some job losses, I can’t tell you at this point what that number will be but we are certainly doing this exercise completely end-to-end,” CEO Bruce Cleaver said

Reuters
30 July, 2020, 06:15 pm
Last modified: 30 July, 2020, 06:19 pm
FILE PHOTO: A truck drives amongst workings at the De Beers Voorspoed Diamond mine near Kroonstad, South Africa May 3, 2017. REUTERS/James Oatway/File Photo
FILE PHOTO: A truck drives amongst workings at the De Beers Voorspoed Diamond mine near Kroonstad, South Africa May 3, 2017. REUTERS/James Oatway/File Photo

The chief executive of Anglo American's diamond unit De Beers said a business review would likely lead to some job losses, after Covid-19 crippled global sales of the luxury gems.

"It is likely to lead to some job losses, I can't tell you at this point what that number will be but we are certainly doing this exercise completely end-to-end," CEO Bruce Cleaver told Reuters.

Diamond industry / De Beers

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