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Job cuts increase as harsh operating conditions bite

Sacked employee

The harsh economic times in the country has forced many firms to layoff staff as a cost-cutting measure.

Photo credit: Shutterstock

What you need to know:

  • In an internal memo, Unga Group said tough economic times in the country had seen their volumes and margins dip to unsustainable lows.
  • Two weeks ago, CIC Group announced a target of cutting up to 75 jobs through a mix of the voluntary exit programme and redundancies.

At least seven Kenyan super-league firms have issued redundancy notices or effected mass staff layoffs since the beginning of this year, in a period marked with turbulences and a repetitively disruptive operating environment.

Listed food processor Unga Group, which has announced plans to axe up to 50 workers from its ranks, is the latest to join the growing list that also includes Twiga Foods, De La Rue, Stanchart, CIC Group, Ashton Apparel (EPZ) Ltd and Mombasa Apparel (EPZ) Ltd.