There is panic at Portland Cement as massive job losses are expected. This is after the board led by one Kinyua released a new structure that leaves out most positions.
The cash-strapped portland cement appointed Mr. Stephen Kyalo as acting managing director in February this year following the firing of Peter Ole Nkeri who was once accused of attempting to rape a staffer.
Kenyan Business Feed can also confirm that the cash-strapped company has also not paid April salaries to date and most employees are still suffering.
Staff are afraid of being rendered redundant without proper compensation as those that have been left out have been asked to re-apply.
A source from the company also told KBF that salary cuts are also expected.
“These crooks just want to sack people yet wont pay. This is the dumbest PR in the history of Kenya” commented our source
[embeddoc url=”https://kenyanbusinessfeed.com/wp-content/uploads/2019/08/Notice_on_the_Intended_Company_Restructuring.pdf” download=”all”]You can email [email protected] with any business tip, news alert or expose.
Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
