State mulls jobs cut pay from Sh257bn IMF loan

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National Treasury building. FILE PHOTO | NMG

The Ministry of Labour wants part of the Sh257 billion loan from the International Monetary Fund (IMF) to cushion workers involuntarily squeezed out of employment through a monthly stipend.

Cabinet Secretary Simon Chelugui told the National Assembly’s Labour Committee that they are negotiating with the Treasury on the amount to be disbursed to the ministry to cushion workers who lost their jobs in the five counties as a result of the lockdown.

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