Over 250 job cuts as Ghaghoo mine closes
Friday, February 17, 2017
Operations at Ghaghoo Mine have stopped with immediate effect
Gem Diamonds Botswana managing director, Haile Mphusu told BusinessWeek that the prices of the smaller commercial goods mined at Ghaghoo have come under pressure rendering production unprofitable.
The mine employs 298 workers including contractors and according to Mphusu all but between 30 and 40 workers will have their contracts terminated.
It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...