×
78 317
Fashion Jobs
NIKE
Senior Software Engineer ii - Business Planning & Consolidation
Permanent · Beaverton
NIKE
Special Assets – Governance Operations Senior Manager
Permanent · Beaverton
ABERCROMBIE AND FITCH CO.
Director, Digital Product Management (Remote)
Permanent · Columbus
TAPESTRY
Manager, Account Executive
Permanent · New York
JOCKEY
Merchandise Planner
Permanent · Kenosha
JOCKEY
Global Supply Chain Planning Manager
Permanent · Kenosha
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Boston
SALLY BEAUTY CORPORATE
Outside Sales Representative
Permanent · Wichita
NORDSTROM INC
Manager - Asset Protection - Downtown Seattle Rack
Permanent · Seattle
ATHLETA
Assistant General Manager - Mall of America
Permanent · Bloomington
OLD NAVY
Assistant General Manager - Fremaux tc
Permanent · Slidell
BLOOMINGDALE'S
Registry Consultant, Full Time: 59th Street
Permanent · New York
ALICE AND OLIVIA
Business Systems Analyst – Wholesale
Permanent · New York
LEVI'S
Retention Marketing Manager - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Business Analytics - Beyond Yoga
Permanent · Culver City
LEVI'S
Senior Manager, Direct Mail Marketing - Beyond Yoga
Permanent · Culver City
RALPH LAUREN
Associate Manager Merchandise
Permanent · Bluffton
MACY'S
Manager, Business Administration
Permanent · Bay Shore
MACY'S
Asset Protection Detective, Quaker Bridge Mall - Part Time
Permanent · Lawrence Township
MACY'S
Asset Protection Detective, Dadeland - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, Garden State Plaza - Full Time
Permanent · Paramus
MACY'S
Asset Protection Detective, Gurnee Mills - Part Time
Permanent · Gurnee
By
Reuters
Published
Nov 8, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Canada's Dominion Diamond to move head office to cut costs

By
Reuters
Published
Nov 8, 2016

Dominion Diamond Corp said on Monday it would relocate its head office to Calgary, Alberta, in a move that would slash about 100 jobs and help the Canadian diamond producer save around C$19 million ($14.21 million) a year.


Dominion Diamond to relocate its headquarters to save millions of dollars - Dominion Diamond Corporation


The move from Yellowknife in Canada's Northwest Territories, where Dominion's Ekati mine is based, is expected to be finished in the middle of next year, it said.

"Although this was not an easy decision, it is necessary to support the long-term strength and viability of our operations," Dominion Chief Executive Brendan Bell said in a statement.

Diamond producers globally have been hit by waning demand and slumping prices after global demand for diamond jewelry hit a high of $81 billion in 2014 and production soared, leaving the market flooded by 2015.

Because of its remoteness, the cost of doing business in Canada's Arctic is high.

The company said it remains committed to ongoing operations at Ekati, including the development of the Jay Project. Dominion also owns a 40 percent stake in the nearby Diavik Diamond Mine, which is 60 percent owned by global miner Rio Tinto.

In moving to Calgary, Dominion follows in the footsteps of diamond producer De Beers Canada, which this year relocated its head office to Canada's oil capital from Toronto.

Dominion was not immediately available for comment.
 

© Thomson Reuters 2022 All rights reserved.