Staff layoff costs Britam Sh664 million

Britam Group managing director Benson Wairegi. FILE PHOTO | NMG

Britam Holdings #ticker:BRIT spent Sh664 million to lay off 110 staff members last year, joining the list of companies that turned to voluntary early retirement schemes to cut on costs.

The Nairobi Securities Exchange-listed insurer had in March last year announced layoffs saying this would enable it remain agile, relevant and responsive to changes in market conditions.

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