Retrenchment at Zimbabwe Consolidated Diamond Company

A reduction in the workforce carried out under section 12C of the Labour Act, including notice to the works council or the employment council and the minimum retrenchment package.

verified

What happened, in plain words

The state owned diamond company removed 400 jobs from a workforce of more than 1 800. World demand for natural diamonds had dropped because buyers in China and the United States pulled back and cheaper laboratory grown stones took market share. The company said it had to choose between shutting down or running smaller while waiting for prices to recover. This was the largest single mining retrenchment reported in Zimbabwe during 2025.

400

People reported

14 July 2025

Date of the event

high

Confidence in the record

How the number was arrived at

Company figure, 400 posts cut from a workforce of over 1 800

Evidence

Field	Value
Source	Mining Weekly
Link	https://www.miningweekly.com/article/zimbabwes-top-diamond-miner-cuts-400-jobs-as-prices-slump-2025-07-14
Source last opened by the platform	Never checked
Evidence retrieved	20 August 2026
Fingerprint of the source page	Not taken. The page has not been read successfully.
Published by the source on	14 July 2025
Employer	Zimbabwe Consolidated Diamond Company
Sector	Mining & Minerals
Where	National
Status on this platform	verified
Counted in published figures	Yes

Also carried by Bloomberg and Moneyweb the same day. Company said it chose reduced operations over full shutdown.

The rule this record had to meet

A reduction in the workforce carried out under section 12C of the Labour Act, including notice to the works council or the employment council and the minimum retrenchment package.

Evidence required: A named employer plus one of a company announcement, a regulatory or stock exchange filing, a Retrenchment Board record, or a union statement naming the process. The count must be attributable to a named party.

Read thisWorkforce events are a record of what a named and citable source reported. They are not a census of job losses or job creation in Zimbabwe. Many changes in employment are never announced, and small employers are almost never reported at all, so the picture here leans towards large employers, listed companies, the public service and unionised sectors. Read the evidence link on any event before relying on it.

As at 5 Oct 2026, 13:43. Method version unknown.