Job cut fears amid growing list of firms issuing profit warnings

In 2017, thousands of jobs went down the drain in the banking and manufacturing sectors. PHOTO | FOTOSEARCH

Kenya’s unemployment crisis is set to worsen in the near term as the fallout from a protracted electioneering period and the increasing number of companies warning of profit declines spell hard times.

In 2017, thousands of jobs went down the drain in the banking and manufacturing sectors and it is feared the private sector could freeze hiring and, worse still, embark on a new round of retrenchments to survive the lean times.

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