KCB Group #ticker:KCB has offered each of the 743 sacked Mumias Sugar Company #ticker:MSC employees Sh20, 000 as termination package after the lender took over the debt-ridden miller.
The miller’s head of human resources, John Shiundu, said Sh15 million had been released to the affected workers who had gone for 30 months without pay as their termination dues. “Each of the workers who were on payroll as at September 20 2019, when the receiver manager was appointed by the lender, received Sh20, 000.”
