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| | Diamonds.net - News Center (Site not responding. Last check: 2007-10-18) |
 | | Posted: 12/10/2003 6:43 AM (RapaportÂ… December 10, 2003) Namdeb, the Namibian diamond mining joint-venture with De Beers, has embarked on numerous initiatives, including reducing labor costs, to try to curb the adverse effect the strong Namibian dollar against the U.S. dollar is having on its revenues, the company stated on November 28, 2003. |
 | | The reason given was that Namdeb, “like all other export driven resources industries, is reliant on good international sales based on a strong U.S. dollar.” |
 | | The company has briefed all its stakeholders of its intention to offer employees in certain categories, the opportunity to accept “generous voluntary separation packages.” Inge Zaamwani, Namdeb managing director commented that Namdeb is well aware of the impact this message will have on its employees and stakeholders. |
| www.diamonds.net /news/newsitem.asp?num=8940&type=all&topic=all (304 words) |
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