Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
600 firms fire staff over Covid-19 challenges
Some city dwellers have relocated to the village. More than 600 companies have shed jobs since the onset of the Covid-19 crisis in March. FILE PHOTO | NMG
More than 600 companies have shed jobs since the onset of the Covid-19 crisis in March, a staggering number that employers say could be the worst since economic downturn of the early to mid-1990s.
The Federation of Kenya Employers (FKE) says the current level of strain on corporate earnings could “possibly the worst since 1992-1997” period, and that it is difficult to ascertain how long the coronavirus-triggered damage will last.
