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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
Justice delayed is trust denied

Batswana who marched peacefully for 'Justice for Tshepi' demanded answers. They have now received a detailed account of police investigation and a promise that the file is with the Directorate of Public Prosecutions (DPP). The real test is whether the state now keeps its word without further prodding. In his address, the minister asked the nation to trust the process. He spoke of rigour, not neglect, and pointed to 10 months of...

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