Advertisement
UK markets close in 40 minutes
  • FTSE 100

    8,144.30
    +65.44 (+0.81%)
     
  • FTSE 250

    19,831.19
    +229.21 (+1.17%)
     
  • AIM

    756.03
    +2.91 (+0.39%)
     
  • GBP/EUR

    1.1669
    +0.0013 (+0.11%)
     
  • GBP/USD

    1.2473
    -0.0037 (-0.30%)
     
  • Bitcoin GBP

    51,291.45
    +463.67 (+0.91%)
     
  • CMC Crypto 200

    1,340.49
    -56.04 (-4.01%)
     
  • S&P 500

    5,098.64
    +50.22 (+0.99%)
     
  • DOW

    38,182.21
    +96.41 (+0.25%)
     
  • CRUDE OIL

    83.38
    -0.19 (-0.23%)
     
  • GOLD FUTURES

    2,345.60
    +3.10 (+0.13%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,194.57
    +277.29 (+1.55%)
     
  • CAC 40

    8,112.88
    +96.23 (+1.20%)
     

De Beers diamond venture to lay off at least 130 in Namibia - union

The company name of De Beers is displayed in Hong Kong, China September 14, 2016. REUTERS/Bobby Yip

WINDHOEK (Reuters) - Namdeb, a joint venture between Namibia's government and Anglo American's (AAL.L) diamond unit De Beers, is expected to lay off at least 130 of its 1,700-strong workforce, a union official said on Wednesday.

Shavuka Mbidhi, from the Mineworkers Union of Namibia's Oranjemund branch, said the diamond miner had written to staff offering voluntary redundancies and at least 130 workers were expected to accept.

A spokeswoman for the miner said Namdeb was taking steps to ensure the sustainability of its mines.

"The business optimisation process includes options for all employees to apply for early retirement and voluntary separation," spokeswoman Pauline Thomas said. She declined to comment on the number of staff that could leave.

Diamond mining generates 20 percent of the southern African country's export earnings.

(Reporting by Nyasha Nyaugnwa; Writing by Alexander Winning; Editing by Andrew Heavens)