Mmegi

Debswana confirms 500 voluntary exits

Friday, February 07, 2025 | 2680 Views |

Mining giant, Debswana approved approximately 500 requests for voluntary separation from a December 2024 exercise, with “significant interest” being noted amongst employees, Mmegi has established.

The diamond group, whose activities are the backbone of the country’s economy, has been battling a prolonged global downturn in demand for the precious stones. The slump, dating back to the third quarter of 2023, has placed operational pressures on Debswana, while reducing government’s revenues.

Mmegi is informed that the voluntary separations were initiated as part of efforts to restructure the group and enhance operational efficiencies. Employees were asked to express their interest in the scheme in December.

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