[miningmx.com] – GECAMINES, the state-owned base metals miner in the Democratic Republic of Congo (DRC) needed $160m to fire about half of its employees, equal to about 6,000 people, said Bloomberg News.
In an interview with the newswire, Ahmed Kalej Nkand, CEO of Gecamines, said the company doesn’t have “the necessary funds to pay retrenchment packages’ and this “means we continue with them on our payroll”.
“We don’t have a date yet when we will start this process. We are having some good discussions with people whom we think can finance this,’ Ahmed Kalej Nkand told Bloomberg News.
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