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Portland Cement to send home 1,000 workers in restructuring

Portland Cement chairman Bill Lay (left) with managing director Simon Peter ole Nkeri during a media briefing at the Fairmont Norfolk Hotel in Nairobi on Nov 17, 2016. PHOTO | DIANA NGILA

Cement manufacturer East African Portland Cement (EAPCC) is set to retrench more than two thirds of its staff in a restructuring plan which will cost the State-owned company about Sh2 billion.

The Nairobi Securities Exchange-listed firm, which was has been ruled technically insolvent by the auditor general, says it will plans to lay off over 1,000 employees, reducing its staff count to 500.

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