Standard Group Limited is planning one of the bloodiest sackings in the media industry ever witnessed in recent times.
This is after the Organisation announced plans to sack over 170 employees in a move that is aimed at cutting the companies spending.
This comes even after reports went viral on how the media organisation is struggling to keep up with paying for TV programmes that have been airing on its KTN Home and KTN News channels.
In a letter of notice from the companys’ CEO Orlando Lyomu, that was addressed to all the staff, the company said it was trying to re align itself with the changing business needs that have been brought about by regulatory changes and difficult business environment.
Those who face the axe will be paid for the days they have worked alongside another severance pay for 15 days indicated for CBA for Union workers.
In October last year Mediamax Ltd, sacked over 160 employees on what was termed as one of the worst sacking in the media industry, Also early this year Nation Media Group, is laid off more employees, saying that it was trying to respond to concerns among its investors that it is losing too much money.
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