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.

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