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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

EXCLUSIVE INTERVIEW: Local Labor Expert Herbert Jauch on Otjikoto B2Gold: A Perspective on Recent Retrenchments

todayApril 22, 2024 24

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Namibia, a nation already grappling with a significant unemployment crisis, received sobering news with the announcement of retrenchments at the B2Gold Mine. Herbert Jauch, a local labor expert, weighs in on the implications of this development for the country’s workforce and economy.

Jauch begins by highlighting the severity of the situation, emphasizing that Namibia’s unemployment rate is already alarmingly high. The prospect of further job losses exacerbates an already challenging scenario. He dismisses the notion of “voluntary” retrenchments, asserting that individuals are unlikely to willingly leave their employment when faced with the prospect of losing their income. Instead, he suggests that the decision to accept retrenchment packages may be driven by a calculation of potential benefits compared to waiting for compulsory retrenchments in the future.

The issue of skills becomes paramount in considering the fate of those affected by the retrenchments. Jauch acknowledges that while some may possess skills transferable to other sectors, others may find it difficult to secure alternative employment, particularly if their expertise is closely tied to the mining industry. With limited job opportunities outside of mining, many individuals may face an uphill battle in their quest for new employment.

Moreover, the local labor expert underscores the loss of valuable skills resulting from these retrenchments. He notes the irony of skilled workers being rendered jobless despite their qualifications and experience. To address this challenge, he advocates for diversification beyond the mining sector, urging Namibia to explore opportunities in value-added processing industries. By linking gold mining to downstream activities such as jewelry manufacturing, the country could potentially create new avenues for employment and economic growth.

In conclusion, he emphasizes the need for a strategic shift away from reliance solely on mining operations towards a more diversified economic landscape. The retrenchments at Otjikoto B2Gold serve as a stark reminder of the vulnerability inherent in a resource-dependent economy and underscore the imperative for broader economic development strategies in Namibia.

Written by: Leonard Witbeen

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