C&G mulls new staff pay plan after scrapping shares scheme

Workers at Car and General Motorbikes Assembly Plant in Nakuru County on January 1, 2019.

Photo credit: File | Nation Media Group

Diversified trading firm Car and General (C&G) is set to scrap its dormant employee share ownership plan (Esop) as it considers an alternative remuneration scheme to motivate its staff.

The Nairobi Securities Exchange-listed firm formalised the share ownership plan in 2014 but has not implemented it, with the company now set to terminate it at its annual general meeting on June 23, 2026.

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