Sameer Africa Plc has trimmed its workforce in management and administration by more than half, as the company scaled down its operations in the tyre distribution business just three years after making a U-turn on a decision to completely exit the business.
The Nairobi Securities Exchange-listed company disclosed through its latest annual report (2023) that it is implementing a three-year plan that will see it shift its operations from the traditional business line of sourcing and trading in tyres to industrial real estate.
