Local Retail Chain, Tuskys has announced plans to lay off several employees over reduced profitability.
In a notice dated February 19, 2020, the retailer announced that the company’s performance in the last two years has been on the decline.
“As such the company has embarked on a process of restructuring its operations to ensure financial viability. This has been orchestrated by a drop In sales and in customer numbers even as the Kenyan retail sector continues to experience growth with entry of big multinational players,” read a statement.
The most affected staff are those attached in the facilities department who will be declared redundant in a month’s time effective March 19, 2020.
The retailer has already started issuing redundancy letters to affected employees.
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