BCL looks to cut 2,000 jobs

Friday, March 04, 2016

BCL Mine is contemplating cutting as much as a third of its workforce as it battles to mitigate cash flow problems effected by depressed international copper prices that are at a six year low.

Department of Mines director, Gabotshwarege Tshekiso told BusinessWeek that initial estimates are that BCL might retrench as many as 2,000 workers as it seeks to optimise operations ahead of any possible government bailout.

Ghaghoo Diamond Mine in the CKGR, which plans to halve its output this year due to depressed diamond demand, is also undertaking a restructuring exercise that might see about a 100 of its 250 workforce being retrenched.

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