DRC: DRC's Gecamines to Cut 6 000 Jobs

Jun 30, 2014 | Felix Njini, The Southern Times
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Windhoek - The Democratic Republic of Congo (DRC)’s state mining company will cut around 6 000 jobs ‑ more than half its workforce - as it struggles to finance a bloated wage bill.

The sprawling DRC state miner, once the pride of Africa in its heyday, will trim its workforce to around 5 000 from 11 000, if it secures funding to pay retrenchment packages.

Gecamines requires around US$160 million to fund the retrenchment process, and failure to secure financing means it would continue with the workers on its payroll, chief executive Ahmed Kalej Nkand said in an interview recently.