Diamond giant De Beers likely to cut jobs after COVID-19 hit

LONDON (Reuters) – The chief executive of Anglo American’s diamond unit De Beers said a business review would likely lead to some job losses, after COVID-19 crippled global sales of the luxury gems.

“It is likely to lead to some job losses, I can’t tell you at this point what that number will be but we are certainly doing this exercise completely end-to-end,” CEO Bruce Cleaver told Reuters.

(Reporting by Zandi Shabalala; Editing by Edmund Blair)