The local operation of French energy solutions provider Schneider Electric Kenya is set to retrench some 50 employees in what it has attributed to a tough business environment.
The company, a subsidiary of French multinational Schneider Electric, has informed employees that the layoffs will be implemented on December 8. Schneider entered the Kenyan market in 2015 when it acquired Power Technics Limited, a company founded by businessman Naresh Mehta, in a deal that was estimated at more than Sh1 billion.
