Recession plan doesn’t include job cuts – Debswana

Holding steady: Debswana says jobs are not on the line this year PIC: MORERI SEJAKGOMO
Holding steady: Debswana says jobs are not on the line this year PIC: MORERI SEJAKGOMO

Debswana says the plan it has drafted to survive a possible recession this year does not include laying off workers, BusinessWeek has learnt.

The diamond giant last week announced that it was developing plans against a possible slowdown or recession in global economic activity, which would impact on the demand for the precious stones.

“The high-level plan currently has no bearing on manpower, given that the voluntary separation programme was concluded at the end of 2022,” Debswana officials said on Monday in a response to BusinessWeek enquiries.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

Have a Story? Send Us a tip
arrow up