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Alarm as four firms sack 1,700 staff in three weeks
Four companies, including cement maker East African Portland Cement have announced nearly 1,700 job cuts in just about three weeks, shinning a spotlight on the worsening unemployment crisis in the country. FILE PHOTO | NMG
Four companies have announced nearly 1,700 job cuts in just about three weeks, shinning a spotlight on the worsening unemployment crisis in the country.
The four firms - East African Portland Cement Company (EAPCC), Telkom Kenya, Stanbic Bank of Kenya and East African Breweries Limited (EABL) – have already notified employees of the looming layoffs, citing the need to trim their payrolls.
